Shiba Inu (SHIB), one of the most prominent meme coins in the cryptocurrency space, is showing early signs of stabilization after a steep 27% decline since mid-May. The token recently hit a 16-month low of $0.00001005 before staging a modest recovery. At the time of writing, SHIB trades near **$0.00001167**, reflecting an 11% bounce over seven trading days ending June 29.
This rebound comes amid growing interest from large investors—commonly referred to as “whales”—who have accumulated a staggering 10.4 trillion SHIB tokens, valued at approximately $110 million, during the recent market downturn. This strategic accumulation suggests growing confidence among major players that the worst of the sell-off may be over.
👉 Discover how smart money moves during market dips and what it could mean for your portfolio.
Inside Week Pattern Hints at Trend Reversal
A key technical development has emerged on SHIB’s weekly chart: the formation of an “inside week” candle pattern. This occurs when the entire price range of a given week (from low to high) remains completely within the range of the previous week.
Traders often interpret this pattern as a sign of market indecision—neither bulls nor bears are able to gain decisive control. However, when such a pattern forms after a prolonged downtrend, it can signal seller exhaustion and a potential shift in momentum.
In the context of SHIB’s recent price action, the inside week suggests that downward pressure is beginning to wane. While not a guaranteed reversal signal, it aligns with other bullish indicators and sets the stage for a possible upward move if buying volume increases.
High-Volume Breakout Signals Renewed Interest
On June 29, Shiba Inu experienced a significant surge in trading activity. Between 21:00 and 22:00 UTC, SHIB broke out of its consolidation range on volume that was 5.8 times higher than average—a strong indicator of institutional or whale-level participation.
This breakout pushed prices from $0.00001147 to a high of $0.00001198 within 24 hours. Although profit-taking pulled the price back slightly, the surge confirmed growing market interest and a potential shift in sentiment.
After the pullback, support stabilized around $0.00001160**, with the 24-hour session closing at **$0.00001164, marking a 1.4% gain from its opening level.
Key Reversal Points Driven by Institutional Volume
An analysis of hourly price movements reveals two distinct phases on June 30:
- A sharp drop to $0.00001056 occurred between 03:17 and 03:28 UTC.
- This was followed by a recovery that peaked at $0.00001165 around 03:45 UTC.
Notably, volume spikes exceeding 8 million USDT were recorded at 03:35 and 03:49 UTC, coinciding with key reversal points. Such large-volume transactions are typically associated with institutional or algorithmic trading activity, suggesting that major players are actively positioning themselves during this volatile phase.
👉 See how high-volume breakouts can signal major price moves before they happen.
Technical Indicators Suggest Room for Upside
Several technical indicators point to potential bullish momentum building beneath the surface.
Descending Regression Channel Formation
SHIB has formed a second descending regression channel, mirroring a pattern seen earlier in its price history. The previous channel eventually led to a rebound above $0.00001800, indicating that similar price structures could produce comparable outcomes.
If history repeats, the current channel may serve as a base for accumulation before a breakout.
RSI Shows Neutral-to-Bullish Momentum
The Relative Strength Index (RSI) currently sits at 43.17, up from a recent low of 36.90. An RSI below 50 typically indicates bearish momentum, but readings in the low 40s often precede short-term bounces—especially after extended declines.
With room to climb before entering overbought territory (above 70), the RSI suggests that upward movement is not only possible but historically likely under similar conditions.
MACD Signals Weakening Bearish Pressure
While the MACD (Moving Average Convergence Divergence) remains in negative territory, the gap between the MACD line and signal line is narrowing—a sign of deteriorating bearish momentum. This convergence implies that selling pressure is slowing down, increasing the odds of a bullish reversal.
Breakout Target Could Reach $0.000025
Technical analysts are watching a critical resistance level at $0.00001733. A confirmed breakout above this point would invalidate the current bearish structure and signal strong buying interest.
If SHIB clears this resistance with sustained volume, historical patterns suggest the price could target $0.000025—more than double current levels.
This potential move would mirror the price action seen during the last major rebound, reinforcing the idea that technical formations play a significant role in shaping market behavior.
Frequently Asked Questions (FAQ)
Q: Why are whales buying SHIB during the dip?
A: Whales often accumulate assets during downturns when prices are low and fear is high. Buying SHIB at multi-month lows allows them to secure large positions at discounted rates, positioning for potential future gains when sentiment improves.
Q: What does an “inside week” candle mean for SHIB’s price?
A: An inside week suggests reduced volatility and market indecision. After a long downtrend, it can indicate that sellers are losing control, often preceding a reversal or consolidation phase before the next directional move.
Q: Is SHIB’s current rally sustainable?
A: Sustainability depends on volume and momentum. The recent 5.8x volume spike supports the idea of genuine interest. However, sustained buying above key resistance levels—especially $0.00001733—is needed to confirm long-term bullish momentum.
Q: What is the significance of the 10.4 trillion SHIB accumulation?
A: That volume represents approximately $110 million in value and signals strong confidence from large investors. Such accumulation often precedes price increases, as reduced supply in circulation can drive demand higher when market conditions improve.
Q: Can SHIB reach $0.000025 again?
A: Yes, if it breaks above $0.00001733 with strong volume. Technical patterns suggest that such a move is plausible based on prior price behavior, though macroeconomic factors and overall crypto market sentiment will also play crucial roles.
Q: How reliable are regression channels in predicting SHIB’s price?
A: Regression channels are useful tools for identifying trends and potential reversal zones. While not foolproof, they provide valuable context—especially when combined with volume and momentum indicators.
Final Outlook: Cautious Optimism Builds
Shiba Inu’s recent price action reflects a market at a turning point. After months of decline, signs of stabilization are emerging through whale accumulation, technical pattern formation, and increasing trading volume.
The combination of an inside week candle, high-volume breakout, improving RSI, and weakening MACD bearishness paints a picture of a coin potentially regaining footing. While risks remain—especially in a broader bearish crypto environment—the technical setup supports cautious optimism.
👉 Stay ahead of the next breakout with real-time data and advanced charting tools.
Core keywords naturally integrated throughout: Shiba Inu, SHIB price, whales accumulate, technical indicators, RSI, MACD, resistance level, breakout target.
With key resistance at $0.00001733 now in focus, traders and investors alike will be watching closely to see whether SHIB can build on recent momentum and embark on a new upward trajectory.