Whale Accumulation and On-Chain Signals Point to SHIB's $0.000034 Breakout

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Saturday, Oct 11, 2025 2:59 am ET2min read
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Aime RobotAime Summary

- SHIB has consolidated between $0.000010 and $0.000016 for seven months, showing breakout potential toward $0.00003396.

- Analysts cite historical patterns, whale accumulation, and a 4,137% surge in burn rate as bullish signals for a 165% price increase.

- On-chain data reveals 2-year lows in exchange reserves and $6.7M in cold storage transfers, reinforcing long-term holder confidence.

- A retest of $0.00001150 is expected before further gains, with risks of a 15% decline if support breaks below $0.000012.

Shiba Inu (SHIB) appears poised for a significant price move following a prolonged consolidation phase that has mirrored historical patterns, according to multiple analysts. The cryptocurrency, which has traded within a narrow range between $0.000010 and $0.000016 for seven months, is now showing early signs of a breakout that could propel it toward $0.00003396-a 165% increase from current levels Coinedition[1]. This target aligns with an 18-month high and coincides with the December 2024 peak of $0.00003343, reinforcing the technical case for a rally Coinedition[1].

Technical analysis highlights a classic accumulation phase, with bulls defending key support levels multiple times. Polaris_xbt, a prominent analyst, noted that SHIB's current structure closely resembles its 2022–2023 bear market consolidation, which eventually led to a breakout to $0.00004567 in March 2024 Coinedition[1]. SHIB's recent performance includes two consecutive daily gains, pushing its price to $0.00001309 and a market capitalization of $7.7 billion, supported by a daily trading volume exceeding $270 million Coinedition[1].

While the bullish case is strong, analysts caution that a pullback to retest the $0.00001150 level is likely before the next uptrend phase. EhsanZeydabadi, another analyst, observed that

SHIB
broke out of a descending resistance trendline on September 28 and expects a retest of this level as part of a broader market correction TheCryptoBasic[2]. A successful retest could set the stage for a rally to $0.00001280, with subsequent targets at $0.00001350 and $0.00001460 TheCryptoBasic[2].

On-chain data further supports the bullish narrative. Exchange reserves for SHIB have fallen to a 2-year low, indicating accumulation by long-term holders TheCryptoBasic[2]. Whale activity, including a $6.7 million withdrawal into cold storage, underscores confidence in SHIB's future trajectory BraveNewCoin[4]. Additionally, SHIB's burn rate surged by 4,137.17% in the last 24 hours, reducing supply and potentially creating upward pressure if demand stabilizes Intellectia[6].

Technical indicators remain neutral but suggest balanced momentum. The MACD shows slight upward movement, while the RSI at 55 indicates neither overbought nor oversold conditions Coinedition[1]. SHIB's price is currently consolidating above critical support at $0.000012, with analysts emphasizing that a sustained breakout above $0.00001300 could trigger short squeezes and attract new buying pressure BraveNewCoin[4].

The broader market environment also favors SHIB. The Federal Reserve's anticipated 25 basis point rate cut could inject liquidity into risk assets, and renewed retail interest in

meme
coins-spurred by anticipation of a Dogecoin ETF-adds to the positive backdrop BraveNewCoin[4]. Meanwhile, SHIB's ecosystem developments, including the expansion of Shibarium and strategic token burns, are cited as long-term growth catalysts Elevenews[3].

Despite these factors, risks remain. A breakdown below $0.000012 could lead to a 15% decline toward $0.0000106, according to some analysts . However, the convergence of Fibonacci retracement levels, moving averages, and whale accumulation suggests that the immediate outlook is cautiously optimistic Intellectia[6].