Shiba Inu Whales Make 2.79 Trillion SHIB Move: What's Next for Price?
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a comeback in whale activity, with large transaction volumes surging 41.39% in the last 24 hours, according to data from IntoTheBlock.
This spike represents a total of 2.79 trillion SHIB, or $76.48 million in monetary terms, signaling renewed interest from large holders after days of declining activity.
Large transactions are defined as transfers exceeding $100,000, often related to institutional players or large holders, or “whales.”
The current increase might suggest that these large holders might be reentering the market, potentially gearing up for significant moves in SHIB’s price.
Shiba Inu has recently had lackluster performance, with falling large transaction volumes and a dip in overall trading activity.
In the last 24 hours, Shiba Inu's trading volume was down 18.25% to $679.45 million, per CoinMarketCap data.
According to IntoTheBlock, Shiba Inu's large transaction volume has declined since Dec. 10, from 18.85 trillion SHIB to 1.9 trillion SHIB on Dec. 13.
The recent 41% surge in whale transactions might indicate a possible shift in sentiment; whales may be accumulating SHIB at a discount as the crypto market faces profit-taking.
Crypto-tracked futures saw nearly $252 million in liquidations over the last 24 hours as the market sell-off accelerated in the early Sunday trading session.
The majority of cryptocurrency assets, including SHIB, traded in the red. Will prices follow? At the time of writing, SHIB was down 3.49% in the last 24 hours to $0.00002736 and down 14% weekly.
A break above critical resistance levels could spark a rally, but for now, SHIB’s price remains steady. Shiba Inu encountered resistance near the $0.00003 level on Dec. 12 and will mark three out of four days in red if today ends in losses.
However, a clear breach above the $0.00003 barrier could boost SHIB's price above $0.000033. SHIB might rise to $0.000039, then to $0.000046. If Shiba Inu falls below the 50-day SMA of $0.0000246, the bears might get an advantage.
The RSI is at the midpoint, indicating that SHIB prices might trade in a range in the coming days.
#ShibaInuETF #SHIB #Shibainucoin #Memecoins #cryptonewstoday

Why Shiba Inu Is About to See a Powerful 150% Rally to $0.000074, According to One Analyst
While Shiba Inu is experiencing a 10% decline today, a bold analyst has argued that SHIB could double to near its all-time high soon.
Amid the ongoing market downturn, bullish outlooks continue to flood the space as proponents expect the market momentum to continue well into 2025.
In the latest instance, one analyst has suggested that Shiba Inu (SHIB) could be on the brink of a powerful rally.
Shiba Inu Price at a Key Level
According to market analyst “PouyanTradeFX,” the price of Shiba Inu (SHIB) is at a critical level.
In an analysis shared on TradingView on Thursday, PouyanTradeFX opined that SHIB is testing a trendline that has hounded it since 2021.
Per a weekly candle chart shared by the analyst, the meme coin first entered this downtrend after it hit its all-time high of $0.00008616 in October 2021 and first revisited it in March 2024 when it surged to a high of $0.00004567.
According to PouyanTradeFX, SHIB could surge over 150% from current prices around $0.00002795 to highs around $0.000074 if it manages to break this years-long downtrend.
On the other hand, the analyst noted that the token risked a 62% free fall to $0.000011 should the trendline hold.
PouyanTradeFX is one of many analysts who have shared a bullish outlook on SHIB in the past few days.
SHIB Price Set to Erase Another Zero?
On Tuesday, December 11, “Crypto ELITES” shared an analysis suggesting that SHIB’s price could be set to erase another zero.
Specifically, the analyst contended that the token’s price looked set to surge nearly 1,700% from current prices to about $0.00047905, citing a cup and handle chart pattern on the asset’s weekly chart.
The analyst noted a key metric that could support this rally is a continued decline in Bitcoin Dominance, signaling a rotation of capital from the digital asset market leader to altcoins and memes.
Bitcoin Dominance has fallen sharply from highs of 61.5% in November to 56.5% at the time of writing.
The recent bullish views around SHIB come despite its 200% price gain over the past year.
#ShibaInu #SHIB #ShibaInuETF #Memecoins #CryptoNews