Over 615 trillion SHIB was transferred in 24 hours, marking a sharp rise in whale transactions.
SHIB price hits $0.000015, breaking above consolidation and nearing a key resistance zone.
Trading volume and RSI momentum suggest growing interest, but short-term fatigue remains possible.
Shiba Inu recorded over 615 trillion SHIB transferred in large transactions within a single day, setting the highest activity level in the last 30 days. On-chain data confirms that this spike in whale activity occurred on July 18, coinciding with SHIB reaching $0.000015, the top of its current resistance range.
This volume surge signals potential volatility, as large holders typically influence significant price changes. The timing of the movement closely aligns with SHIB testing the 200-day moving average, a key technical level closely followed by market participants.
Price Breaks Above Long-Term Consolidation Zone
SHIB has recently broken above a multi-month consolidation range, supported by increasing volume and Relative Strength Index momentum nearing the overbought region. This setup often reflects heightened market engagement but may also suggest caution if buying interest weakens.
The asset is now trading above the 50, 100, and 200-day moving averages, forming a bullish crossover. This pattern is often seen during accumulation breakouts and can lead to continued price strength if sustained above $0.0000145.
Resistance Zone Becomes Critical for Next Move
The resistance band between $0.000015 and $0.000016 remains the most immediate level to monitor. A strong daily close above this range, particularly with continued whale activity and growing retail volume, could open a path toward $0.0000172.
If SHIB fails to hold its gains, the support level near $0.000013 may come into play. This area has acted as a recent price floor and could attract renewed interest if tested again.
Overall sentiment around SHIB has been steadily improving, particularly as market participants react to sustained volume growth and positive technical momentum. The presence of high-net-worth wallets remains a central driver in shaping near-term direction.
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