Shiba Inu (SHIB) is currently priced at $0.0000115**, reflecting a minor **0.3% dip** over the past 24 hours. Trading volume has decreased by **19%** to **$121 million, signaling reduced retail interest. However, whale activity suggests a potential upward trend, with 1.3 trillion SHIB tokens purchased recently as a double-bottom pattern begins to form.
Key Technical Indicators Suggest Upcoming Rally
Double-Bottom Pattern Emerges
- Support Level: SHIB has found strong support at $0.0000113 twice since April 2025, indicating a potential double-bottom formation.
- Neckline Resistance: A breakout above $0.0000173** could confirm the pattern, targeting a **194% surge** to **$0.000033.
- Trend Strength: The downward-sloping ADX line hints at weakening bearish momentum, favoring a bullish reversal.
Whale Activity Signals Confidence
- Large Holder Netflows: Addresses holding ≥0.1% of SHIB supply accumulated 1.3 trillion tokens in 24 hours.
- Historical Precedent: Past whale accumulations often preceded significant price gains for SHIB.
Critical Levels to Watch
- Upside Scenario: Hold above $0.0000113** and break **$0.0000173 to validate the double-bottom target.
- Downside Risk: Loss of support could trigger a drop to $0.0000090.
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FAQ: Shiba Inu Price Dynamics
1. Can SHIB reach $0.00003?
Yes, if the double-bottom pattern confirms with a breakout above $0.0000173, a rally to $0.000033 (+194%) is plausible.
2. Why are whales buying SHIB now?
Whales may be front-running a bullish reversal, capitalizing on the double-bottom formation and low retail interest.
3. What’s the most important support level for SHIB?
$0.0000113 is the key support; holding this level is critical for maintaining bullish potential.
Market Context and Analyst Insights
Recent analyses, including a CoinGape report, suggest SHIB could rebound by 70% as open interest crashes, clearing the path for a sustainable uptrend. The on-balance volume (OBV) indicator remains a watchpoint—continued decline may indicate persistent selling pressure.
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Final Thoughts
Shiba Inu stands at a pivotal technical crossroads. The convergence of whale accumulation and a forming double-bottom pattern presents a compelling case for a major price movement. Traders should monitor:
- Buy-side volume at $0.0000113.
- OBV trends for shifts in selling pressure.
- Large holder activity for continued accumulation signals.
Note: Always conduct independent research and consider risk management strategies before investing.