Shiba Inu (SHIB) Rises 0.22% Amid Whale Activity and AI Forecast

Shiba Inu (SHIB) has once again captured the attention of the crypto market, driven by a surge in on-chain activity and renewed interest from large holders. As of June 5, SHIB is trading at $0.00001293, reflecting a modest daily increase of 0.22%. While this price level may seem unremarkable at first glance, several underlying signals suggest that a more significant movement could be on the horizon.

To gauge the near-term trajectory of SHIB, an AI model was consulted to forecast the price for the end of June. The AI model projected a target of $0.00001510, with a confidence range between $0.00001435 and $0.00001585. This prediction is based on technical patterns, historical behavior, and recent blockchain activity. Notably, SHIB recently experienced a massive transfer of 2.87 trillion tokens, valued at approximately $36.6 million, from an unknown wallet to a major exchange. Such whale-sized transactions often precede periods of heightened volatility and can signal growing institutional interest in the token.

Price action for SHIB has shown resilience despite broader market hesitancy. The token has posted 16 green days out of the past 30, indicating a cautious but consistent return of bullish sentiment. While SHIB is still trading below its 200-day simple moving average, it is hovering above a key short-term support level at $0.00001250. If this level holds throughout the next week, it could act as a springboard for a push toward the $0.00001380 resistance zone. A breakout above that would open the path toward the AI’s projected target range.

The Relative Strength Index (RSI) currently reads around 40.3, suggesting neutral-to-oversold conditions. If the price consolidates above the $0.00001250 level, it may attempt another short-term rally. However, caution is warranted given the broader risk profile. A failure to breach the $0.00001380 threshold by mid-June would weaken the technical setup, and any decisive move below $0.00001250 could invalidate the forecast entirely, opening the door to a retest of the $0.00001130 region.

Another factor contributing to the forecast is the lack of immediate downside catalysts. There is no sign of a broad market panic, no negative regulatory developments targeting SHIB specifically, and macro conditions remain relatively stable in the crypto space. Behind the scenes, the Shiba Inu ecosystem continues to evolve with updates to the Shibarium L2 chain, steady token burns, and ongoing development of the native DEX and other utilities. These initiatives help establish SHIB as more than just a meme coin, positioning it as a momentum asset. The next few weeks will be crucial in determining whether this narrative holds.