Shiba Inu Price Prediction – Whales Accumulate, Bullish Breakout Possible
If you follow the crypto market closely, you must have heard the name of Shiba Inu (SHIB). In the last few days, this meme coin has shown such moves that are surprising even to experienced investors. Whale activity has seen a jump of 100% in just 48 hours, which can be a bullish signal. In this article, we will answer questions like “What is Shiba Inu coin’s latest market news, technical analysis, and upcoming events?” and “Will Shiba Inu coin reach $1?”
Shiba Inu Price Prediction – Whale Activity Doubles in Just 2 Days
The largest holders of Shiba Inu have recently made massive outflows from their wallets. According to data from IntoTheBlock, on August 7, 183.03 billion SHIB came out of large holder addresses, but by August 9, this figure reached 359.6 billion. During this period, the price of SHIB increased from $0.000013 to $0.000014.
Large holders mean wallets that hold more than 0.1% of the circulating supply—this includes individual whales as well as large exchanges like Coinbase, Binance, and Upbit. When coins are transferred from exchange-linked wallets to private wallets, it means buyers want to hold them rather than sell them.
Shiba Inu Price Prediction – SHIB Price Movement Supports the Trend
SHIB price and outflow volume remained stable from August 2 to August 6, but the trend changed midweek. Large holders either made coordinated withdrawals or started opportunistic buying after the price drop. Exchanges are liquidity hubs, so these large transfers can directly impact market supply.
If the price is rising slowly and steadily along with rising outflows, it means investors are not panic selling. Instead, they prefer to withdraw SHIB and hold it for the long term. If this trend continues, the price could spike quickly when new buyers arrive after the supply shrinks.
Shiba Inu Price Prediction – Whales Loading Up for a Rally?
As of today, the price of SHIB is trading sideways around $0.0000120, which is 1.8% below the July high of $0.000017. But there is some growth behind the curtain. Exchange reserves are falling rapidly, which signals that whales are moving their tokens from exchanges to cold wallets. These investors generally do not go for short-term selling—meaning they are getting ready for the long term.
Just last week, 1.3 billion SHIB were burned, which were permanently removed from circulation. When supply decreases and the remaining stock of whales accumulates, the chances of the price going up increase.
Shiba Inu Price Prediction – Technical Analysis Shows Bullish Setup
Technical charts also support this bullish narrative. RSI is in the neutral zone, which signals that the market is not overbought and space is available for a fresh rally. According to crypto analyst Joe Swanson, a double bottom is forming on the SHIB chart along with a classic cup-and-handle pattern. This is a bullish pattern that signals a price breakout.
Swanson’s target is the first resistance at $0.0000147, which can be broken to reach $0.0000171. If Bitcoin rallies to $130K, the price of SHIB could reach $0.0000239—which would be almost 3x today’s price.
Shiba Inu Coin – Latest Market News & Upcoming Events
Meme coins are unpredictable, but when whales are actively accumulating, supply is burning, and charts are signaling a clean breakout, a “perfect storm” can form. If market sentiment remains positive and Bitcoin rallies, 3x or even 5x potential is possible for SHIB.
Upcoming events include SHIB burn campaigns, ecosystem updates, and further developments of the Shibarium blockchain. All of these factors can positively influence investor sentiment.
Will Shiba Inu Coin Reach $1?
This question is on every SHIB investor’s mind: “Will Shiba Inu reach $1?” Realistically, the circulating supply is so high that the $1 target will only be possible when there is a massive supply burn and market capitalization reaches the multi-trillion dollar level. A $1 target is difficult in the short to medium term, but strategic burns, whale accumulation, and the bullish cycle of the crypto market could take SHIB’s price to significant levels.
Based on current data, a $0.00002–$0.00003 short-term target seems realistic if the market remains bullish. In the long term, when Shiba Inu achieves major milestones will depend on its ecosystem growth and the pace of burns.
Disclaimer:
This article is for informational purposes only. Crypto investments are high-risk, so take investment decisions only after doing your own research. We are not responsible for any financial loss.
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