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- Shiba Inu whales have moved 15 trillion SHIB in massive transactions.
- Large holder inflows spiked 553%, fueling speculation of an incoming rally.
- The analyst sees SHIB eyeing $0.000081, potentially surging 393%.
Shiba Inu (SHIB) whales have been on the move, transporting an incredible 15 trillion SHIB in a single day. The increase in huge deals has generated speculation.
These assumptions centered on whether these big-money players were preparing for a massive rally. With whale inflows at 553%, some analysts feel SHIB is on the cusp of a breakout.
SHIB Whales Just Moved 15 Trillion SHIB: Is a Massive Rally Coming?
Shiba Inu on-chain data showed that in just 24 hours, SHIB whales moved a staggering 15.1 trillion tokens. These were worth over $253 Million.
This wave of activity coincides with a broader market downturn. It further raised speculation about an impending price reversal.
According to IntoTheBlock, the large transaction volume of the Shiba Inu coin spiked 200% between January 31 and February 2. It climbed from 1.5 trillion to 4.3 trillion SHIB.
At the same time, the whale inflows surged 553%, with 6.51 trillion SHIB entering major wallets. Meanwhile, outflows skyrocketed by 1,290%, as 6.5 trillion SHIB exited those same wallets.
Whale accumulation phases have preceded major rallies as large investors absorb selling pressure and stabilize prices. If this pattern holds, the Shiba Inu coin price could find support at around $0.000014. This could set the stage for a bullish breakout.
Is a Shiba Inu Price Rally Coming? Analyst Predicts 393% Move
Shiba Inu price has struggled after a 32% drop over the weekend. However, some traders see this as a potential comeback.
Crypto analyst Javon Marks believes SHIB was still in a bullish continuation phase. He also predicted a 393% jump to $0.000081 if momentum builds.
Marks highlighted that buyer activity has been strong despite the recent dip, rejecting further downside. He argued that this could pave the way for Shiba Inu to break past resistance levels and target $0.0001553. It would be an 840% increase from current levels.
Marks isn’t the only one seeing potential. Another analyst, Charting Guy, suggested that SHIB was in Macro Wave 3 of an Elliott Wave pattern. That is typically the strongest in a bullish cycle. He pointed to key Fibonacci retracement levels between $0.000015 and $0.000016 as crucial support zones.
Shiba Inu could find a solid floor around $0.000014 if whales keep accumulating, setting the stage for a bigger move. Marks sees even more significant upside potential, suggesting SHIB could eventually skyrocket 840% if bullish momentum picks up.
The Shiba Inu coin price was still trading 83.5% below its all-time high. This showed that the growing whale interest could signal a major breakout early.
Will SHIB Escape Bearish Pressure?
Despite bullish whale activity, Shiba Inu remained stuck between $0.0000147 and $0.000017. A breakout above this zone could fuel a larger rally. However, weak trading volume and market uncertainty remain obstacles.
CoinMarketCap data showed SHIB’s 24-hour trading volume dropped 38.7% to $874.2 Million. This reflected reduced buying pressure. Meanwhile, the Shiba Inu burn rate jumped 567%. However, it hasn’t triggered a price breakout, signaling trader hesitation.
The surge in exchange netflows (+209.8%) means more SHIB is being deposited on exchanges, potentially for selling. If this trend continues, it could weigh on SHIB’s short-term price action.
SHIB was at a turning point, with whales accumulating heavily while market sentiment remains uncertain. If buying pressure holds, a breakout could follow, but traders should watch volume and resistance levels closely.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
