Shiba Inu (SHIB) is witnessing a dramatic spike in whale transactions as meme coin traders position for potential price movements amid ongoing recovery attempts.
Currently trading around $0.00001293, SHIB has recorded a 525% increase in whale transactions valued between $1M–$10M, alongside a 122% surge in $100,000–$1M bracket activity. This heightened capital movement signals renewed institutional interest as SHIB approaches pivotal technical thresholds.
Market analysts identify $0.00001270–$0.00001300 as crucial support territory, while resistance sits near the 100-day exponential moving average (EMA) at $0.00001323 and the 200-day EMA at $0.00001429. Sustained trading above support could catalyze upward momentum toward $0.00001450.
Failure to maintain current support levels risks retesting $0.00001200. The convergence of surging whale activity and these technical markers suggests heightened volatility ahead as traders gauge SHIB’s capacity to overcome key resistance barriers.