Shiba Inu Whales Accumulate 1.3 Trillion SHIB Amid Technical Bullish Signals

Shiba Inu’s SHIB has shown signs of stabilization as large holders, or whales, have been accumulating the token. This accumulation has raised speculation about a potential rebound in the token's price. Whales have been buying over 1.3 trillion SHIB, indicating their confidence in the token's long-term prospects. This behavior is often seen as a bullish signal, as whales typically accumulate during periods of market fear, positioning themselves for a potential price rebound.

The stabilization of SHIB is supported by several technical indicators. The token has formed a double-bottom pattern on the weekly chart, which is a bullish reversal signal that often precedes a strong rally. Additionally, the daily Relative Strength Index (RSI) is approaching oversold territory, suggesting a possible bounce. Bollinger Bands are also narrowing, which is a classic sign of an upcoming breakout. If SHIB's price breaks out from the current support zone, it could move toward $0.000022, nearly doubling its current value.

However, the token's price is currently hugging the lower Bollinger Band, which usually signals that traders are watching for a reversal. A daily close above $0.0000124 would confirm renewed bullish interest, while a dip below $0.0000110 could send SHIB toward $0.0000100. The Moving Average Convergence Divergence (MACD) still shows a bearish setup, but the gap between the signal and trend lines is closing. A crossover would shift momentum to the buyers' side.

Despite the recent volatility in the crypto market, SHIB shows resilience. The recent whale activity hints at preparation for a possible rally. Investors often follow whale behavior, which could add fuel to the fire. If technical signals line up with buyer interest, SHIB could be gearing up for a strong run. For now, SHIB traders wait as big buyers are already placing bets. If support holds, SHIB may climb toward $0.000022 soon.