Whales accumulated 1.3 trillion SHIB near key support between $0.000010 and $0.000011.
Double-bottom pattern on the weekly chart signals a potential bullish breakout.
RSI, MACD, and Bollinger Bands show SHIB may be close to trend reversal.
Shiba Inu's SHIB might be holding the line. While other meme coins bleed out, SHIB stays steady. Trading near $0.0000115, the price barely moved in 24 hours. That calm could be hiding something big. Despite losing over 19% this month, whales seem far from worried. In fact, they’re loading up. Analysts say this might be the bottom. With patterns aligning and on-chain signals flashing green, SHIB could be getting ready to rise again.
https://twitter.com/pepeisfriend/status/1935515872644448273?t=57lo_n3dA_dBirW8b-kGCg&s=19 Big Buyers Step In as SHIB Holds Support
Large holders grabbed over 1.3 trillion SHIB within a single day. That’s no small move. Wallets holding at least 0.1% of the supply went on a shopping spree. Whale netflows soared from 31.56 billion to 1.34 trillion SHIB. Those numbers suggest quiet confidence rather than panic selling. Popular analyst pepeisfriend flagged this trend on X. He pointed to the $0.000010–$0.000011 range as a strong support zone. That area may act as SHIB’s final floor before the next growth phase. If correct, short-term losses could lead to long-term gains.
On the technical side, SHIB formed a double-bottom pattern on the weekly chart. This bullish reversal signal often appears before a strong rally. The second bottom appears complete following the recent dip. If price breaks out from here, SHIB could move toward $0.000022. That would nearly double the current value. Despite market fears, SHIB shows resilience. The recent whale activity hints at preparation for a possible rally. Investors often follow whale behavior, which could add fuel to the fire.
Momentum Indicators Signal a Possible Shift
The daily RSI now approaches oversold territory, suggesting a possible bounce. If RSI drops further, bearish pressure may return. However, a shift upward could flip market sentiment quickly. This level becomes key for SHIB’s short-term direction. Bollinger Bands are narrowing, a classic sign of an upcoming breakout. SHIB’s price currently hugs the lower band. That usually signals that traders are watching for a reversal.
A daily close above $0.0000124 would confirm renewed bullish interest. That level aligns with the middle band and serves as a short-term resistance. MACD still shows a bearish setup, but the gap between signal and trend lines is closing. A crossover would shift momentum to the buyers’ side. A dip below $0.0000110 could ruin that chance and send SHIB toward $0.0000100 instead.
For now, SHIB traders wait. Big buyers are already placing bets. If technical signals line up with buyer interest, SHIB could be gearing up for a strong run. SHIB holds key support while whales buy over 1.3 trillion tokens. Technical patterns point toward a breakout. RSI and Bollinger Bands hint at a bounce from current levels. If support holds, SHIB may climb toward $0.000022 soon.
