- Whale activity in SHIB jumped 1.87% over the past 30 days.
- SHIB trades near $0.000013, forming a tightening breakout setup.
- Analysts eye $0.00008000 as SHIB’s next key upside target.
After a turbulent dip to $0.00001288, SHIB is clawing its way back—just as whales quietly make their move. The red streak on the daily chart may tell one story, but behind the scenes, accumulation signals a shift in sentiment.
With trading volume spiking and large holders reportedly increasing positions, SHIB appears to be building momentum for a potential lift-off. The last time this kind of price compression occurred under whale pressure, a breakout wasn’t far behind. If history rhymes, Shiba Inu might just be warming up for its next rally.
SHIB Analysts Spot Familiar Breakout Setup
Shiba Inu (SHIB) is once again catching attention as analyst Market Spotter shares a compelling price projection. In a post on X (formerly Twitter), the analyst outlined a pattern forming on SHIB’s weekly chart that resembles a multi-year descending triangle. Price is now wedged between a rising support line and a well-tested resistance, with current levels hovering around $0.000013. Market Spotter points to this narrowing range as a signal of compression in price movement.
The chart suggests that if SHIB breaks through the red resistance line, it could follow a path seen before—an early rise toward resistance, a short pause, and then a move toward $0.00008000. That’s nearly a 500% surge from the current price and mirrors SHIB’s earlier rally between 2022 and 2024.
Back then, the token broke out from a similar pattern and surged by nearly 400%, topping out near $0.000045. That structure seems to be repeating. While the chart doesn’t define a timeline, the setup hints at a longer-term price shift.
On-Chain Data Signals Bullish Momentum
On-chain metrics now align with SHIB’s tightening technical setup. Data from IntoTheBlock reveals a 1.87% rise in whale activity over the last 30 days. At the same time, retail and investor holdings dipped by -0.55% and -5.60%, shifting the weight of the supply into fewer hands.
This change hints at a calculated move rather than a short-term reaction. The rise in whale concentration often points to accumulation during quiet phases. When this builds while smaller players pull back, it typically narrows the price range. SHIB has followed this pattern before. During its 2021 climb, a similar shift in distribution came before the breakout. With whales gaining control and the crowd pulling back, the current setup carries the hallmarks of a market preparing for release.
