Shiba Inu Price Slips (SHIB) has recently dipped below the critical $0.000012–$0.000013 support zone amid weakening technical trends.Yet,on chain data reveals that whales are seizing the dip aggressively accumulating SHIB as others hesitate.In this post,we’ll explore the tension between bearish indicators and bullish on chain developments to help you assess whether SHIB’s next move might be a comeback or a deeper slide.
Current Price & Technical Snapshot
- Shiba Inu Price Slips is currently trading below its 200 day moving average (~$0.0000145) and under pressure around $0.00001207 a sign of extended weakness.
- Despite this,a cup and handle pattern is forming,often seen as a bullish setup,with potential targets suggesting up to a 70% surge if the structure plays out.
Whale Activity & On-Chain Trends
- Massive Accumulation: In a sharp downturn whales snapped up 4.66 trillion SHIB (~$63.7M) near the ~$0.00001317 level helping to curb potential declines.
- Strategic Wallet Moves:Around Aug 7,whales shifted 359.6 billion SHIB ($4.9M) from exchanges to cold wallets,signaling long-term holding intentions.
- Historic Accumulation Waves:
- On another occasion, whales accumulated 10.4 trillion SHIB in a single day valued over $110M triggering a sharp bounce from multi-month lows.
- Earlier in the year, SHIB saw a 249% surge in large transaction volume (approx. 3.36 trillion tokens transferred),suggesting renewed on chain interest.
- Concentrated Ownership:Whales now control around 58% of the circulating supply,and wallets with over 1% holdings have added ~700 billion SHIB since late March,boosting their influence.
Bearish Pressures & On-Chain Headwinds
- Stagnation in Activity:Shiba Inu Price Slips has experienced a slowdown in on chain volume and whale engagement,compounding bearish momentum.
- Reduced Whale Confidence:On chain data shows some large holders trimming their positions,contributing to a decline in supply held by whales.
- Profit Pressure:Only ~27% of active SHIB addresses are currently profitable,which may invite additional selling if market sentiment sours.
Possible Scenarios
| Scenario | Description |
| Bearish Continuation | If SHIB remains below key moving averages and whales pause accumulation, lower support levels could be tested. |
| Whale-Driven Rebound | Sustained accumulation,recovery of on chain metrics and price reclaiming $0.000014 could spark bullish pressure. |
A rebound could see SHIB revisit the $0.000014–$0.00001435 range if whale interest persists and BTC & Ethereum provide broader market support.
Conclusion
Shiba Inu is at a crossroads.On one hand price weakness low activity and sell off risk hint at further downside.On the other,whale accumulation often a harbinger of confidence suggests that savvy investors see value at these levels.