SHIB Price- EMA Breakout and Whale Buying Spree
SHIB Price– Shiba Inu (SHIB) is making one of its strongest comebacks in months, as both price action and on-chain metrics explode simultaneously. After weeks of consolidation near multi-month lows, SHIB has decisively broken above the 50-day and 100-day EMAs, a technical crossover often seen as the start of long-term bullish momentum.
Currently, SHIB is testing the $0.000013 resistance zone — a critical level that previously capped upward movement. If cleared with volume support, a rally toward the psychological barrier of $0.00002 could follow.
Whale Transactions Soar 3.8x — Is Smart Money Moving In?
According to IntoTheBlock data, 114 large SHIB transactions were recorded in the last 24 hours alone, with volume spiking to 5.43 trillion SHIB — 3.8 times higher than recent seven-day lows. This sudden surge in high-value transfers is often a signal of whale accumulation or aggressive liquidity rotation, both of which are typically precursors to major price moves.
Momentum Builds, but Watch for Pullbacks
SHIB’s Relative Strength Index (RSI) has climbed above 65, showing strong buyer control without yet entering overbought territory. Market sentiment is clearly shifting, especially as meme coins start to capture attention again.
However, traders should remain cautious. If SHIB fails to maintain its breakout above $0.000013–$0.0000145, a short-term retracement may follow as speculators take profits.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
