- During a retail pullback, SHIB whales managed to add 1.89% of their holdings in 30 days.
- 55.77% of recent SHIB buyers currently hold a profit margin close to $0.000013.
- As per the analyst, SHIB is expected to rise 500% to reach $0.000081 from current levels.
Shiba Inu may be playing the classic “calm before the storm” scenario. After teasing investors with a promising spike to $0.00001412 in late April, SHIB mostly traded in the red, dragging sentiment with it. But under the surface, chart watchers are spotting a stealthy setup that could launch this meme coin into the stratosphere.
SHIB Technical Breakout Could Trigger 5x Surge, Analyst Says
According to crypto analyst Javon Marks, SHIB isn’t just holding its ground—it’s gearing up for a breakout that could send prices soaring by nearly 500%. Marks’ chart analysis shows that SHIB already broke through a long-term resistance in early 2023, retested it successfully, and has since formed what’s known as a “hidden bullish divergence.”
This is a subtle but strong signal of upward momentum brewing beneath the surface. Two clear targets are in view: a mid-level goal at $0.000081 and a bold top target at $0.0001553. The move to the latter would represent a more than 5x jump from current levels, backed by a solid chart structure.
For a long time, SHIB has steadily built higher lows, showing that its foundation is strengthening despite market dips. What’s unique here is the patience built into the pattern. This isn’t about sudden hype—it’s a slow-burn setup that’s been developing over a year. For long-term holders and new traders alike, SHIB’s current positioning could be the calm before a powerful rally.
On-Chain Data Reveals Hidden Strength in SHIB
Adding to the technical momentum, a change in holder dynamics in Shiba Inu could also excite its price rally going forward. As per historical concentration data from IntoTheBlock, whale holdings increased by +1.89% in the last 30 days, in contrast to the slight reduction in investors (-5.08%) and retail (-1.10%) positions.
Indeed, this uptick in whale activity, notoriously market-moving, suggests that these major holders are accumulating SHIB with a view to a possible big breakout. This further supports the rally thesis: As holders who have traditionally moved large volumes start to pile, smaller holders often cut back, usually a sign of strategic positioning before the price surge.
The whales’ growing footprint and strong technical setup speak of the quiet confidence of the market’s top traders. At the same time, real-time wallet data shows that 55.77% of addresses purchased anywhere from $57K to $72.5K worth of SHIB are ‘in the money.’
The chart data shows that most of these addresses were purchased for $0.000011 ~ $ $0.000013, the price SHIB is currently consolidating at. This shows smart money support right around the current price.
Considering all the signs and observations, the pressure building up below the surface is intense: whale accumulation, oversold sentiment, and green technical indicators. Moreover, if history is any indication, SHIB could be on the cusp of an explosive rise.