Whales Accumulate SHIB as Price Stalls Near $0.0000095 Resistance
Shiba Inu (SHIB) trades in a narrow band between $0.0000075 (support) and $0.0000095 (resistance), roughly 90% below its all-time high. On-chain metrics show a notable surge in whale activity: over 400 transactions above $100,000 in a day and about 1.06 trillion SHIB moved to exchanges, driving rising exchange balances. Daily volume sits in the low hundreds of millions, enough to move markets. Burn activity has jumped — up to 200% on some days — coinciding with renewed Shibarium and on-chain usage, though user activity remains fragile. Two scenarios exist: a bullish breakout if SHIB closes above $0.0000095 on rising volume, targeting $0.000011–$0.0000125; or a bearish distribution if whales sell into strength, pushing price back toward $0.0000070 or lower. Key trading signals: watch for sustained daily closes above $0.0000095 with increasing volume (bullish) or continued large deposits to exchanges and failure at resistance (bearish).
Neutral
The article presents balanced, opposing market signals that justify a neutral stance. Bullish factors: a surge in whale transactions, rising burn rates, renewed Shibarium activity and rising exchange-ready liquidity could fuel an upside squeeze if SHIB clears $0.0000095 with volume — a breakout would likely target $0.000011–$0.0000125. Bearish factors: large inflows to exchanges and concentration of supply with whales increase the risk of distribution into strength, which has historically led to sharp drawdowns in meme coins. Short-term impact: elevated volatility — traders should expect quick moves around the $0.0000095 resistance and $0.0000075 support; momentum traders can trade breakouts or breakdowns with tight risk controls. Long-term impact: fundamentals (burns, Shibarium adoption) could be supportive if sustained, but meme-coin beta and concentrated whale holdings leave SHIB vulnerable to large sell-offs. Similar past events (meme-coin rallies driven by whale accumulation followed by distribution) show swift reversals when whales switch to selling, so monitor exchange inflows, whale transaction counts, burn rates, and sustained volume above resistance to validate bullish scenarios.