Shiba Inu Whales Accumulate 30 Billion Tokens Amid 55% Breakout Potential

Shiba Inu (SHIB) has recently experienced a significant drop to a critical support level, sparking concerns among investors. However, technical indicators and whale accumulation patterns suggest a potential bullish breakout in the near future. Whales, or large holders of SHIB, have been actively accumulating the cryptocurrency, which is often seen as a bullish sign. This accumulation, coupled with the current support level, indicates that SHIB may be poised for a rebound.

According to Santiment, wallets holding between 1 million and 10 million SHIB tokens added 30 billion more. Their total holdings jumped to 2.03 trillion tokens this month. That’s no small bet—it’s a whale-sized signal. Also, SHIB now looks cheap. The MVRV ratio fell below 1, meaning the token trades below its realized value. Historically, this level has marked attractive entry points. When prices dip below cost basis, smart money often takes notice.

Technical indicators also suggest a bullish outlook for SHIB. The daily chart shows a double-bottom pattern forming. SHIB found support at $0.00000997, the lowest since April. It then rebounded to $0.00001135. This pattern points to a potential breakout if bulls push past $0.00001755. That neckline marks the bullish target. A breakout above it would confirm a 55% move from here. The Relative Strength Index has risen from 28 to 40—still low, but no longer screaming oversold. However, failure to hold $0.0000099 would break the pattern and could send SHIB lower. That support level is the last lifeline for bulls in the short term.

Despite ecosystem setbacks and technical weakness, whales still believe. With MVRV flashing undervalued and RSI rebounding, the stage looks set. But the price must react soon. For now, the market watches, waiting for either a spark or a slide. SHIB sits on the edge. Will it bounce back with force—or fall deeper into the shadows?