Saad Ullah
Shiba Inu (SHIB) breaks through key resistance levels with a massive 380% rally, backed by explosive whale activity and strong technical indicators.
Shiba Inu just delivered one hell of a performance, surging 380% and breaking free from weeks of boring sideways action. After getting stuck near multi-month lows, SHIB has finally found its mojo again, and the numbers are backing up this comeback story.
Shiba Inu (SHIB) Price Breaks Key Technical Levels
The technical picture couldn't be clearer right now. SHIB smashed through both its 50-day and 100-day moving averages – something we haven't seen since early May. That's a big deal because when a coin breaks above these levels, it usually means the bulls are taking control.
The token is now testing resistance around $0.000013, and if it can push through that zone confidently, we could see SHIB heading toward $0.00002. The RSI is sitting pretty at 65, which means there's still room to run before things get overheated.
Whale Activity Explodes Behind SHIB Price Rally
Here's where things get really interesting. The on-chain data from IntoTheBlock shows some serious whale movement. We're talking 114 large transactions in just 24 hours, with total volume hitting 5.43 trillion SHIB tokens. That's nearly 4 times higher than what we saw just a few days ago.
When whales start moving this much money around, it's rarely random. Either they're loading up because they expect higher prices, or they're repositioning for something big. Either way, this kind of volume usually leads to some serious price action.
What's Next for Shiba Inu (SHIB) Price?
The setup looks pretty solid for more upside. If SHIB can hold above the $0.000013-$0.0000145 zone, that $0.00002 target becomes very realistic. But let's be real – meme coins can be volatile as hell, and profit-taking could hit at any moment.
The key thing to watch is whether this volume surge continues. If the whales keep accumulating and the technical momentum holds, we could be looking at SHIB's biggest rally in months. But if the volume dies down and we can't break through resistance, this could just be another fake-out.
Bottom line: SHIB is proving that meme coins still have serious staying power. The combination of technical breakouts and whale activity is setting up what could be an epic run – if the momentum keeps up.
Saad Ullah
