Time to Buy Shiba Inu? SHIB Whale Inflows Surge 2,025%

Amid the ongoing bearish market sentiment, Shiba Inu (SHIB), the popular and world's second-largest meme coin, is gaining immense attention from whales and long-term holders.

Shiba Inu (SHIB) is showing strength despite the ongoing bearish market sentiment, and this is attracting interest from whales and long-term holders.

Large Holder Inflows Soar 2,025%

Data from on-chain analytics firm IntoTheBlock revealed that SHIB has seen a significant 2,025% surge in large holder inflows, suggesting a potential bottom for the meme coin.

Source: IntoTheBlock

This indicates that whales, or wallets holding 100,000 to $1 billion worth of SHIB, have been actively pouring funds into the meme coin.

These large-holder inflows have soared an astronomical 2,025% since mid-January, highlighting a massive shift in institutional or high-net-worth individuals' interest.

This signals that as the price of SHIB drops, institutions or whales see an opportunity to buy in large quantities, especially during significant market corrections.

This massive participation is also evident in recent exchange outflows, indicating that assets are moving from exchanges to cold wallets.

Shiba Inu (SHIB) Price Analysis

With this massive participation and bullish activity, SHIB clocked in an impressive gain of 2.50% in the past 24 hours and is currently trading near $0.00001288. However, during the same period, its trading volume dropped by 22%, indicating lower participation from traders and retail investors compared to the previous day.

This drop in trading volume appears to be due to high volatility, which seems to be causing confusion among traders and investors.

According to expert technical analysis, SHIB's recent price surge suggests a breakout from a descending trendline that has acted as strong resistance since mid-January 2025. Additionally, the meme coin is currently near a crucial support level of $0.000012. With this recent breakout, the overall sentiment for SHIB appears to be shifting from broader bearishness to bullishness.

If SHIB manages to surge and close a daily or four-hour candle above the $0.0000132 level, there is a strong possibility it could rise by 50% to reach $0.0000203 in the coming days, considering recent price action and historical momentum.

However, if it fails to break through this resistance and drops below the support level of $0.00001, it could continue to fall and test the next support at $0.000008.

Currently, the meme coin is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames, indicating that SHIB is in a downtrend on both longer and shorter time frames.

To conclude, SHIB is displaying signs of strength as it breaks out of a trendline and approaches a crucial support level. However, it faces another resistance level that could determine its future direction.