The mainstream dog-embossed meme coin Shiba Inu (SHIB) is trying to rebound from the new double bottom level of $0.00001030, hit twice in 7 days. Now, Shiba Inuโs price is trading slightly above this range at $0.0001128, but market observers are striving for a triple-digit rebound.
Last time this technical setup played out this way was in December, 2024. Back then, Shiba Inu (SHIB) bounced off the $0.00001280 to tackle $0.00003280, which still stands as the yearly peak. This time, a push towards similar levels would need strong crypto whale support, as the retail trading volume garners just above $119 million today.
SHIB Summons Buying Strength, But Whales Not There Yet
And so, the crypto whale sentiment-tracking Chaikin Money Flow (CMF) has kept positive since yesterdayโs 9% rebound, but buying momentum wasnโt consistent. Out of the $101 million in trading volume, $44.49 million were sell-offs, contributing towards erasing Shiba Inuโs Monday bounce back gains.
The blockchain data from CoinPaprika demonstrates that Shiba Inu buys have increased 6.92% in 24 hours, which is natural after week-long market dips. Additionally, Derivatives markets saw an identical 7% increase on Shiba Inuโs 1000-times multiplied Perpetual contract, netting $82 million, according to CoinGlass stats.
On the major crypto player side, crypto whales have amassed 10.4 trillion Shiba Inu (SHIB) coins yesterday, but Thursdayโs market moves hint at crypto whale indecision, still refraining from quick moves due to geopolitical squabbles & the uncertainty around Mr. Trumpโs global tariffs.
On The Flipside
- With only 17% of current Shiba Inu custodians making a profit at this SHIB price, the likelihood of a major sell wall between $0.000013 & $0.000019 remains solid.
Why This Matters
Drawing historical parallels in terms of price movement enables traders to assess the coinโs usual performance during bull runs. However, other miscellaneous factors can come into play, such as social sentiment or political shenanigans.
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People Also Ask:
Crypto whales could pump SHIBโs price, but a 300% surge is speculative without confirmed large buys. X posts hype whale activity, yet no recent moves guarantee a breakout as of June 2025.
Shibariumโs ongoing upgrades and rumors of whale accumulation keep SHIB in the spotlight. Still, low trading volume and a 5% dip to around $0.000012 dampen the hype.
Whales are deep-pocketed investors who can spark FOMO and price jumps with big SHIB buys. Their moves matter, but sudden sells could tank SHIB, as X users warn.
Market volatility, regulatory noise, or whales dumping holdings could halt gains, with SHIB struggling near $0.000012. Lack of major adoption or ETF news adds risk.
Crypto crowd on X shouts โmoon,โ but without clear whale momentum or Shibarium milestones, itโs risky. Hold off FOMO until solid whale buys or network upgrades hit this summer.
