Shiba Inu Regains Momentum with Renewed Whale Buying Pressure
Shiba Inu is reclaiming the spotlight this week, bouncing back from recent lows with renewed buying activity. The price movement of the meme coin has gained momentum, drawing interest from both traders and long-term investors who are hopeful for a positive shift.
The recent recovery of SHIB has ignited a wave of optimism within the community, with whale accumulation and enhancing technical indicators suggesting that a notable price breakout may be on the horizon.
Whale Transactions Experience a 70% Increase in Merely 48 Hours
A significant factor contributing to this momentum is a notable increase in whale activity. In the last 48 hours, there has been a notable 70% increase in large SHIB transactions, indicating heightened participation from significant investors.
In the past, significant increases in whale transactions alongside consistent trading volumes have frequently foreshadowed dramatic price shifts. The current daily volume exceeds $220 million, creating robust liquidity conditions that have the potential to enhance volatility in both directions.
Shibarium Exploit Shakes Nerves but Recovery is Swift
The recent exploit on Shiba Inu’s Layer-2 network, Shibarium, caused a momentary dip in sentiment, leading to temporary declines in total value locked and some uncertainty within the community. Validators responded promptly to the incident by implementing key rotations and upgrading contracts.
Their swift action has reinstated trust among stakeholders. The rapid rebound in BONE staking metrics indicates a strong dedication from both developers and the community to bolster the network’s security and resilience.
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Shiba Inu Gains 7.38% Weekly as Price Nears $0.00001265 and Market Cap Tops $7.45B
SHIB has experienced a rise of 0.97% over the past 24 hours and has achieved a noteworthy weekly gain of 7.38%, bringing the price close to $0.00001265. The market capitalization has settled above $7.45 billion, bolstered by a daily trading volume that surpasses $221 million.
The metrics underscore Shiba Inu’s persistent status as a high-liquidity altcoin, remaining significant even amid recent network disruptions and overall market fluctuations.
Bullish Technical Indicators Point to Breakout Potential
A significant technical change has taken place as SHIB has climbed above its 7-day simple moving average of $0.00001246, suggesting a robust short-term trend. Furthermore, the MACD histogram has turned positive, suggesting the emergence of bullish momentum beneath the surface.
The current technical emphasis is on the $0.0000135 resistance level, characterized by the 100-day EMA. A significant breakout above this level may pave the way toward an important supply zone around $0.000015 or even higher in the upcoming sessions.
Important Levels for SHIB Traders to Monitor
Experts emphasize two key price points for Shiba Inu investors: $0.0000135 and $0.00001225. Sustained closes above $0.0000135 may trigger further upside toward $0.000015–$0.000016, while failure to hold $0.00001225 could invite short-term consolidation.
The upcoming levels are poised to dictate whether SHIB will affirm a bullish breakout or persist in its ongoing accumulation phase below resistance.
Shiba Inu Sentiment Improves as Whale Accumulation and Technical Indicators Strengthen
The technical indicators are showing improvement, and there is an increase in whale accumulation, leading to a positive shift in community sentiment regarding Shiba Inu. The swift recovery of Shibarium after the exploit has strengthened trust in the project’s future direction.
If these momentum drivers continue, SHIB may be poised for its next significant rally, fueled by speculative excitement and foundational support from its expanding ecosystem.
