Shiba Inu (SHIB) has witnessed a significant resurgence over the past month, marked by a dramatic 280% spike in whale inflows. This surge suggests aggressive accumulation by major holders. Despite a recent dip in price, the market continues to focus on SHIB, largely due to heightened whale activity. Data from the last 30 days confirms that large-holder inflows surged, signaling renewed interest from high-net-worth investors.
Short-Term Shift Indicates Possible Whale Exit
However, in the last seven days, this accumulation trend has reversed sharply. Whale inflows dropped by 86%, while outflows jumped by 234.56%. This sharp increase in outflows implies that some whales may now be taking profits or reducing their exposure.
24-hour price chart. Source: TradingView
Their actions align with SHIB approaching a critical technical resistance level—its 200-day Exponential Moving Average (EMA). Technically, the 200-day EMA continues to act as a firm resistance. SHIB recently touched a high of $0.000017 on May 12 but quickly retreated to around $0.000015.
Related article: Dormant SHIB Whale Awakens, Transfers 151.6 Billion Tokens from Bybit Amid Price Rally
The asset’s midterm rally now shows signs of stalling as price struggles to maintain momentum above this key trend-defining level. The drop in trading volume and a mild bearish divergence in the Relative Strength Index (RSI) further support this outlook.
SHIB’s Path Forward: Breakout or Breakdown?
If bulls manage to push the price decisively above the 200-day EMA with strong volume support, SHIB could rally toward higher targets in the $0.000018 to $0.000020 range. On the contrary, failure to break resistance may trigger a correction down to support levels at $0.000014 or even $0.000013.
Whales have clearly made their move. Now, the pressing question is whether they are quietly exiting or gearing up for another leg higher. Their next step will likely determine SHIB’s short-term trajectory in a market closely watching every signal.
