Whales and Smart Money Buy SHIB at Crucial Support

Published: 2025-09-01 14:59:34 |

Shiba Inu (SHIB) price has settled at a critical support level around $0.00001220 after a 25% drop from July highs and a 63% fall since last November. On-chain data shows whale holdings rising to 12.12 billion SHIB and smart money positions jumping 86% to 11.70 billion tokens over the past month. Meanwhile, SHIB balances on exchanges have fallen to 282.7 trillion from 289 trillion, signaling reduced selling pressure. Technically, price aligns with an ascending trendline since April 2024, suggesting bearish attempts to push lower are weakening. If support holds, SHIB could rebound 32% toward $0.00001600, although burn rate and Shibarium network activity remain key risks.

Bullish

Whale and smart money accumulation at a long-term ascending trendline support points to growing bullish conviction. Declining exchange balances reduce selling pressure, a pattern that has preceded rallies in other altcoins. The 32% upside target to $0.00001600 aligns with a key resistance zone, making a near-term bounce likely if on-chain sentiment persists. Over the longer term, sustaining momentum will depend on improved burn rates and Shibarium network adoption, but current data suggest a clear shift from bearish to cautious bullish territory.