Shiba Inu (SHIB) has experienced a significant spike in whale transactions, with large holders accumulating tokens as the asset confronts crucial price resistance levels. This intensified activity reveals strategic positioning amid heightened market uncertainty and potential volatility triggers.
Recent data shows 46 whale wallets collectively controlling over 12% of SHIB’s total supply. These large holders amplified their activity substantially, evidenced by a 538% weekly surge in whale inflows, indicating aggressive accumulation during price dips.
Technically, SHIB faces formidable resistance near the 200-day moving average at approximately $0.0000145. Multiple attempts to breach this barrier have been rejected, pushing prices below the $0.0000135 threshold. Conversely, the $0.0000120-$0.0000123 range established strong support through June, cushioning downward movements.
Market analysts observe that sustained buying pressure above the 200-day resistance could provoke a short squeeze event, potentially propelling SHIB toward $0.0000200. However, current whale behavior—marked by active management of inflows and outflows—remains a decisive factor for near-term price direction and volatility. Investor sentiment hinges on these large transactions and SHIB’s ability to overcome key technical levels.