- Whale inflows jump 2,952% a day, signing high-volume accumulation.
- Technical breakout from a falling wedge, bullish macd and neutral RSI in favor of reversible continuity.
The Shiba Inu (Shib) re -entered the spotlight as a massive spike in whale activity in a significant market shift. On May 7, large holders climbed by a fatigue of 2,952%, jumping from 238.91 billion shibs to more than 6.42 trillion shibs. This is matched by a 6,050% increase in net flow with the largest holders – the strategic reposition sign.
The sudden flow of this capital has immediate implications. Shib's price responded with a 11% jump, while open interest was raised by 20.72% to $ 182.67 million. The trading volume also turned 81%, pointing to a strong flow of market participants.
Investors are likely to expect a price return from the current ranges, as similar activities in previous cycles have preceded the major shibs of the shib. While not a guarantee of bullish continuation, it reflects a transfer of emotion at the institutional level and high value.
Shib technical breakout hints in extended bullish momentum
From a technical stance, the shib is broken from a falling wedge pattern, a classic bullish reversal structure. Last week, Shib posted four consecutive daily acquisitions, climbing from $ 0.00001240 zone support and trial to 200-day EMA near $ 0.00001297. This level often acts as dynamic -new resistance, and a confirmed near the top can prove a new trend direction.
The MACD's recent indicator became bullish. Both the MACD line and signal line crossed the positive territory, proving the strength of momentum. In addition, the narrow histogram bar on the MacD hint at rising bullish pressure.
RSI, who is currently walking near 68 reflects massive interest in purchase while providing a small room for upward expansion without immediate overbought pressure.
Source: Sosovalue
Fibonacci retracement levels provide an additional perspective. Breakout Shib positions close to 23.60% Fibonacci levels at $ 0.00001450. A clear break at this point could open the path to $ 0.00001550 and a possible breakout of $ 0.00001600, the 61.80% secret, representing a 20% upside down from the current levels.
Conversely, the failure to handle above the $ 0.00001500 base can restore the token to $ 0.00001156 support.Adding in this, analyst Miguelft Curado recently identified a cup and hold the pattern on the daily shib chart in Tradingview, strengthening the potential for a longer bullish breakout.
He estimates a potential 30% move up to $ 0.00001678, which depends on the momentum holding above the breakout zone of $ 0.00001500
Tradingview:Shiba Inu Price Prediction Chart
The rise of burns and on-chain demand support uptrend
The basis of shib tokenomics continues to strengthen bullish thesis. More than 410 trillion shibs are permanently removed from circulation by burns.
While the recent 24-hour burns dropped to 420,814 shib (a 97% decline), the 7-day combustion volume rises to more than 329 million, suggesting the deflection of pressure is still playing.
Shibarium, Layer-2's network of Shib, further optimizes optimism. With more than 1.129 billion processed transactions and 206 million active purse addresses, network activity drives tokens burning through gas fees-expanding shib supplies.
Meanwhile, IOMAP data of Intotheblock shows Shib is currently trading around a high-activity zone near $ 0.000013, where more than 12 trillion tokens are held. This is an important band of resistance, but the fact that a significant volume of holders is now “in money” suggests growing investor confidence.
The sentiment in the market will also appear to be moving. Despite 59% of the loss holders, 78% held the shib for more than a year, pointing to long -term convincing. Sun -day volume, while decreasing 2.6% recently to $ 133.6 million, remains within a healthy level to support further movements.
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