Shiba Inu Whales Are Back—Will SHIB’s Price Follow?
The Shiba Inu (SHIB) cryptocurrency has once again caught the attention of the crypto community as whale activity has surged dramatically. Over the past 24 hours, large SHIB transactions have increased by 258%, with approximately 6.42 trillion SHIB tokens—valued at around $175 million—exchanged among major holders.
Whales, or investors with substantial holdings, often influence market trends by either accumulating or offloading significant amounts of a cryptocurrency. This sudden increase in whale activity suggests a potential shift in SHIB’s market dynamics. However, despite the spike in large transactions, SHIB’s price has remained relatively stable, registering only a modest 0.27% increase to $0.000027.
Market analysts believe that this could indicate a phase of accumulation, where major holders are positioning themselves for a future rally. Historically, whale activity has been a precursor to price movements, but the current stability suggests that the market may still be in a consolidation phase.
Key Price Levels to Watch
In recent months, SHIB faced resistance at the $0.0000298 mark, which led to a gradual price decline. For a bullish reversal, analysts are closely monitoring the $0.00003 level. A breakout above this threshold could propel SHIB toward the next key resistance at $0.0000334. On the downside, if bearish sentiment prevails, the 50-day simple moving average (SMA) at $0.000025 may serve as a critical support level.
Read This : Cetoex Made Easy 8-Step Guide to Buying Crypto.
As of March 25, 2025, SHIB is trading at approximately $0.00001353, reflecting a slight intraday increase of 0.03678%. The price range for the day has fluctuated between a high of $0.00001369 and a low of $0.00001305.
What’s Next for SHIB?
The resurgence of whale activity raises speculation about a potential breakout, but SHIB’s price action remains subdued for now. Investors are watching for stronger bullish signals that could indicate a significant upward movement. The meme coin's community remains optimistic, but whether SHIB’s price will follow the whales’ lead remains uncertain.
As the crypto market continues to evolve, traders and investors should keep an eye on further developments in whale activity, broader market trends, and key resistance levels to determine SHIB’s next move.
Do Follow Us On Social Media And Keep Reading And Become Our Members
