COSMIC BOOST CLUB FORUM

• Whales have accumulated 10.4T Shiba Inu (SHIB) tokens amid market recovery signs.
• SHIB has formed an inside-week candle as it breaks out on high volume.
• If key resistance levels are broken next target is $0.00002.

Shiba Inu (SHIB), the dog-themed meme coin, has captured the attention of traders and analysts after a notable shift in on-chain activity and technical patterns.

Following a period of sharp decline and investor uncertainty, large holders have begun to accumulate billions of dollars’ worth of SHIB, triggering renewed interest in the asset’s short-term price prospects.

This, combined with improving technical signals and a key on-chain milestone, is giving bulls fresh reasons to be hopeful despite the broader crypto market’s recent struggles.

Whales return amid sharp pullback

In the midst of a 27% drop from mid-May to late June, whale investors stepped in to acquire an eye-popping 10.4 trillion SHIB tokens valued at approximately $110 million.

This large-scale accumulation, revealed by CoinDesk’s AI-based market insights, suggests a shift in sentiment among big players who often move early before major price reversals.

Whale buying has historically played a significant role in supporting SHIB’s price floor, and this latest accumulation came just as the token touched a 16-month low of $0.00001005.

As the price began to recover, these inflows from large holders coincided with growing optimism and a noticeable rebound in trading activity.

Inside-week candle hints at reversal potential

One of the more bullish technical developments is the emergence of an “inside-week” candle, a classic chart pattern often seen during turning points in market trends.

This formation appeared as SHIB gained nearly 8% over the seven days leading up to June 29, while trading remained within the range of the previous week.

The inside-week candle typically reflects market indecision after a strong trend, and in this case, it signals possible exhaustion among sellers and room for buyers to regain control.

While not a confirmation on its own, the pattern’s emergence following a heavy sell-off adds weight to the growing bullish outlook.

Volume spike confirms momentum shift

Adding to the bullish case is a clear breakout that occurred on June 29, when SHIB surged on trading volume that reached nearly six times the daily average.

This breakout, which took place during the 21:00 to 22:00 UTC hour, pushed the token as high as $0.00001198 before facing profit-taking near resistance.

Even though the price briefly retreated, support emerged quickly around $0.00001160, highlighting renewed buyer interest and institutional activity during intraday dips.

Analysts often view breakouts with strong volume as reliable signs of trend continuation, especially when supported by bullish candle structures and investor accumulation.

SHIB profitability surges back above key level

According to data from IntoTheBlock, SHIB has now regained a critical psychological level, with over 100.54 trillion tokens back “in the money” — a status indicating they were bought at lower prices.

This translates to roughly $1.16 billion worth of profitable SHIB, a sharp increase from just days earlier when the figure dipped below the 100 trillion mark.

The return to this milestone suggests that many traders are once again holding positive equity, which may boost confidence and reduce short-term selling pressure.

Such shifts in on-chain profitability often precede sustained rallies, especially when supported by whale activity and improving technical signals.

Technical indicators point to higher targets

From a technical perspective, SHIB appears to be stabilizing within a descending regression channel, echoing earlier formations that preceded sharp upward moves.

The RSI currently stands at 42.05, having recently rebounded from oversold conditions near 30, which historically has led to price bounces.

The MACD histogram has turned bullish while the MACD trend line has crossed above the signal line, pointing to the begining of a trend reversal.

Should SHIB break above key resistance levels at the 50-day and 200-day moving averages — around $0.000013 and $0.0000156, respectively — it could ignite a run toward $0.00002.

If the breakout mimics past bullish structures, a potential rally to $0.000025 is possible.

SHIB price forecast: Levels to watch

Despite a slight pullback early this week, SHIB remains within a tight consolidation range just above the $0.000011 mark, with support holding strong around $0.00001000.

This level notably halted the June 22 decline and may act as a springboard for further gains if momentum continues to build.

For traders, the coming days will be crucial as SHIB tests resistance levels that could determine whether this recovery evolves into a broader uptrend.

A decisive close above $0.000013, supported by volume and continued whale accumulation, would offer a strong bullish confirmation.

Until then, all eyes remain on SHIB as market dynamics shift and sentiment begins to tilt cautiously in favor of the bulls.

The post Shiba Inu price forecast as whales accumulate 10.4 trillion SHIB tokens appeared first on CoinJournal.