Shiba Inu (SHIB) has seen a sharp rise in investor interest, following a 200% increase in large transaction volume. This key on-chain metric often signals heightened whale activity, which can drive significant price movements. Combined with strong technical momentum, this surge in capital could be the push SHIB needs for a sustained recovery.
SHIB’s Price Strengthens with Key Breakouts
SHIB has been rallying for several days, gaining momentum after breaking past crucial resistance at $0.00001350. The token now trades at approximately $0.00001439 USDT, up over 1.2% on the day. SHIB has also surpassed the 50-day EMA and now approaches the 100-day EMA at $0.00001655. If bullish momentum continues, the price could test the 200-day EMA near $0.00001793.
SHIB/USDT Chart by TradingView
Strong on-chain metrics support SHIB’s upward movement. Whales, typically long-term investors who influence market direction, have ramped up their activity. Large transactions—those exceeding $100,000—have soared nearly 200%, indicating a surge in institutional or high-net-worth interest.
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While large transfers can signal either accumulation or distribution, SHIB’s steady price increase and consistent trading volume suggest that buying pressure dominates. Additionally, the Relative Strength Index (RSI) has climbed to 58.8, signaling growing momentum without yet reaching overbought levels. This gives SHIB more room to rise before hitting resistance.
SHIB Could Confirm a Long-Term Reversal
After months of bearish pressure, SHIB now has the potential to confirm a trend reversal. Holding above the 50 EMA and breaking the 100 EMA could solidify bullish control. With technical indicators aligning and whale-driven demand surging, SHIB appears poised for a long-term rally.
Both price patterns and on-chain data indicate that SHIB’s next major move is likely upward. The renewed interest from whales may be the strongest signal yet of an extended bullish run.
