Shiba Inu Drops 1.714% Amid Whale Outflows, Analyst Predicts 600% Rally

Shiba Inu's latest price was $0.00001162, down 1.714% in the last 24 hours. Crypto analyst Javon Marks has provided a bullish outlook for Shiba Inu, predicting a potential rally. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally. His accompanying chart showed that the Shiba Inu price could hit this target between now and year-end. This provides a bullish outlook for the meme coin, which has greatly underperformed this year.

Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu. In an X post, a SHIB community member revealed that the meme coin has just shattered another record. Over 1.5 million on-chain wallets now hold the meme coin, with the number still rising. However, the SHIB burns will need to pick up as they remain unstable. Shibburn data shows that the daily burns have crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The burn rate is also down around 11% in the last seven days, with 48 million SHIB burned during this period.

Javon Marks is still confident that the Shiba Inu price can rally as much as 600% in the long term. He recently stated that the $0.000081 target for SHIB remains unchanged and that sights are still on an over 609% uphill run to reach it in response to a massive holding breakout of the displayed resisting trend. The analyst remarked that due to the post-breakout action, he sees this target being broken above, bringing $0.0001553 in play.

A significant shift has occurred within the Shiba Inu ecosystem, marked by a steep decline in large holders’ netflow. Over the past 30 days, the metric recorded a dramatic 358% collapse, highlighting a change in whale behavior. This metric tracks the difference between token inflows and outflows among whale wallets. While a percentage drop of more than 100% may appear illogical, it reflects a swing from accumulation to significant distribution. A reversal from a +1 trillion SHIB inflow to a -2.5 trillion SHIB outflow would result in a net swing of -3.5 trillion, explaining the sharp decline.

Whale activity implies that the accumulation mode is claiming to retreat, and big buyers are selling their tokens rather than buying them. All this change usually heralds nervousness in the actions of key actors and may disrupt retail investors’ monitoring of these developments. In addition to the NetFlow collapse, technical indicators indicate that SHIB is not in a reprieve. It is still trapped in a descending tendency that started in February 2025. All the price rallies have stalled and failed to surpass major resistance areas. The failure to break the 100-day and 200-day exponential moving averages has been experienced on several occasions. In recent weeks, the price pattern has stabilized in the shade of the 26 EMA, which is now located close to the mark. This further consolidation of major indicators further supports this bearishness.

Significantly, trading volumes have been dwindling in this consolidation process, which is giving the bullish momentum minimal traction. The Relative Strength Index is still at 45 and provides no particular indication of an oversold condition capable of turning the rise. Market participants now face a heightened sense of uncertainty as whale outflows dominate the token’s landscape. This behavioral reversal places additional pressure on SHIB to hold its current price levels. If the asset fails to break above the 26 EMA in the coming sessions, it risks testing lower support zones. This kind of breakdown may be an invitation to an escalation of losses, particularly when general market opinion fails to rise. Also, traders’ unwillingness to enter long positions is suggested by their inability to create demand at higher levels. The market’s weakness to gain speed confirms the impression that investors’ confidence is not stable. SHIB has to break crucial moving averages to trigger a sentiment change. Until that happens, both technical indicators and whale activities remain proponents of a conservative sentiment. SHIB’s outlook remains under pressure due to declining whale interest and persistent technical weaknesses. Traders are advised to monitor key support and resistance zones closely for signs of a potential trend reversal.

The Crypto.com exchange recently announced a promotional campaign involving Shiba Inu tokens. The initiative offers eligible users a chance to participate in a giveaway featuring a prize pool valued at $250,000 denominated in SHIB. This represents a significant marketing effort tied directly to the Shiba Inu cryptocurrency.

The Shiba Inu token burn mechanism has experienced extreme volatility in its activity level. Following an initial report of an enormous increase exceeding 10,786% in the token burn rate over a short period, subsequent tracking indicated a sharp reversal. Activity rapidly declined by approximately 82% within less than 24 hours of the earlier surge. This demonstrates significant fluctuation in the rate at which SHIB tokens are being permanently removed from circulation through its burn protocol.

Technical analysis discussions surrounding Shiba Inu continue to draw attention. Observers note that the cryptocurrency has been exhibiting price consolidation within a relatively narrow band. Market analysts highlight a critical technical juncture for SHIB, suggesting that this period of low volatility could potentially resolve with a substantial directional movement, often characterized as either a 'breakout' or a 'breakdown'. Some analysts project a significantly bullish outlook based on certain indicators, though the specific catalyst for such a move remains uncertain.