Whale wallets accumulated 1.81 trillion SHIB in one day, marking a 422% increase and signaling renewed institutional interest.
SHIB is testing strong resistance at $0.00001434, with potential breakout aiming toward short-term targets near $0.00001718.
Analysts cite bullish daily chart patterns and minimal selling pressure as signs of continued price strength and investor confidence.
Shiba Inu’s price is testing resistance at $0.00001434 following a sharp increase in whale accumulation. Large wallet holders purchased 1.81 trillion SHIB in the last 24 hours, reflecting a 422%t jump compared to the previous day. The memecoin has recorded a 15.65% gain over the past week, with its price currently standing at $0.00001387.
Statistics indicate that wallets that contain a sum in excess of 0.1% of the total supply of SHIB greatly increased their purchase activities. This is an increase of 1,247% by comparison to a month ago in terms of their accumulation of behavior. An increment in the concentration of large holders tends to contribute significantly to bullish price action, and the final result indicates the rising trust in the short-term prospects of SHIB.
Test Bed of Future Movement is the resistance levels.
The resistance to SHIB is between 0.00001388 and 0.00001434. This is an indication of the possible price movement either up or sideways. A bullish breakout may cause some advancement to the next technical source of $0.00001513. Otherwise, in case the price does not break these resistance areas, a brief consolidation might be triggered, with the initial support located at around 0.00001386.
https://twitter.com/army_shiba/status/1945457757819142497
Daily price charts show a gradual upward movement, with bullish patterns forming consistently. Technical analysts have observed this shift, emphasizing that the memecoin has maintained steady traction despite encountering resistance. These patterns support a continuation of the current trend if resistance levels are overcome.
Analysts Set Eyes on Short- and Long-Term Targets
According to price analysts, the next mark of resistance of SHIB in the short-term range is 0.00001718. More than that, there are possibilities of moving back to 0.000018 and a high record in December of 0.00003324. Based on long-term estimations, SHIB is likely to get to the $0.0001 level with the help of token-burning plans and more actions in wallets.
With large investors increasing their exposure and holders showing little selling activity, market sentiment continues to lean positive. Analysts note that minimal outflows and consistent interest suggest a favorable outlook, though price movements remain dependent on broader technical and market signals.
The post SHIB Price Pushes Toward $0.00001718 as Whale Accumulation Spikes appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
