SHIB has been doing well since 2025, benefiting from the booming cryptocurrency market.
In the past three days, SHIB price has risen 14% to over $0.000024, but whale activity points to further potential this month.
After five months, a whale withdrew 250 trillion SHIB tokens worth $4.6 million this week, according to Lookonchain.
Whales are “smart money” buyers when prices, risks, and near-term returns are favorable.
Some may see this whale's latest move as a buy signal.
The charts for Shiba Inu also point to further upside.
The charts also predict a rise in Shiba Inu prices this weekend and in the coming months.
SHIB rally from 2024 summer lows supports for 2 weeks.
After bouncing off its 200-day moving average last month, it tested $0.000024 resistance on Friday.
So, simple chart analysis points to a return to the December highs at $0.000033.
Shiba Inu Whale Buys 220 Billion Tokens
The fundamentals may support another increase in the coming weeks.