Shiba Inu Whales Bet Big on 36% Rally—But Will It Pay Off?

Shiba Inu (SHIB) is seeing a surge in whale activity, with major holders accumulating billions of tokens in hopes of driving the price up by 36%. But can they overcome the bearish market sentiment?

Large SHIB transactions have spiked 406% since Sunday, jumping from 395 billion to 2.51 trillion SHIB. This buying spree, worth $33.41 million, is driven by whales taking advantage of SHIB’s 19% price drop since August, signaling a “buy the dip” moment.

Despite whale activity, SHIB’s gains may stall. Bearish indicators, like the Elder-Ray Index and Directional Movement Indicator, show sellers remain in control. If this trend continues, SHIB could fall to $0.000010, threatening the whales' 36% rally hopes.

For a breakout, demand must push SHIB toward its resistance level at $0.000018.
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