What's happening with SHIB?
Price and technical support
SHIB is currently trading around $0.000013 USD, with recent fluctuations of ±1 to 2 %.
It has strongly defended the support level near $0.000012 USD and is forming a possible double bottom pattern; a close above $0.0000136–0.0000138 USD could trigger an upward rally around $0.000017 USD (~42 % increase).
Whale activity and on-chain signals
The activity of large investors (whales) has recently plummeted by 95 %, a potentially bearish signal.
However, other reports indicate a 207 % increase in accumulation by whales, which could signal a possible bullish turnaround.
Token burn and supply on exchanges
The burn rate of SHIB has recorded an explosive peak of up to 2,200 % on some days, which reduces the circulating supply and could support the price.
Reduction of reserves on exchanges to year-low levels (~83.8 billion SHIB), suggesting less selling pressure.
Overall conclusion
Shiba Inu is at a turning point: after a recent correction, the token shows technical signs of a possible rebound (especially if it breaks the resistance levels). Whale activity, high token burn, and new ecosystem integrations could catapult the price towards $0.000017 USD or more if consolidated. However, if the interest of large holders continues to be absent, it could remain sideways or retrace towards $0.000012 USD.