šš Shiba Inu Whales Scoop Up 1.63 Trillion SHIB After a 10% Dip! Could a 230% Rally Be Next? šš
Shiba Inu (SHIB) has caught the spotlight once again after a sharp 10% drop on Wednesday, falling to $0.000021. While this crash rattled some investors, savvy whales saw an opportunity. In a massive move, 1.63 trillion SHIB tokens, worth $39 million, were accumulated in a single transaction, as flagged by Whale Alert.
This whale activity, recorded on January 7, 2025, hints at strategic accumulation during a bearish phaseāa move often signaling anticipation of a major rebound. Could this pave the way for an explosive rally?
š A BULLISH SETUP: THE CUP AND HANDLE PATTERN
Technical analysts are buzzing over the "cup and handle" pattern forming on SHIBās chart. This setup, a classic signal of accumulation and consolidation, often leads to powerful bullish breakouts.
Key Levels to Watch:
Buy Zone: $0.0000161 - $0.0000193
First Target: $0.00003287 (+103%)
Second Target: $0.00005339 (+230%)
Currently, SHIB is consolidating above the buy zone at $0.000021, signaling that whales and traders may be positioning for a breakout. Strong volume inflows and stability above these levels could ignite a significant price surge.
š MARKET SENTIMENT AND SHIBāS RECOVERY POTENTIAL
Despite the recent sell-off, the whale activity reflects long-term confidence in Shiba Inu. Analysts are closely watching Bitcoinās movements, as SHIBās price tends to follow broader market trends.
Can SHIB Bounce Back?
With whales accumulating and the technical setup in its favor, SHIB might be gearing up for a breakout. If the "cup and handle" pattern holds, projections point to a 62.53% rally, potentially setting SHIB on a steady upward trajectory through 2025.
š„ FINAL THOUGHTS: IS THIS SHIBāS TIME TO SHINE?
While market volatility is ever-present, Shiba Inuās latest moves suggest optimism among major holders. Will this be the start of another remarkable rally? The crypto community is watching closely.
š¬ Whatās your take on SHIBās future? Let us know in the comments below! š