Quick Summary
- Whale inflows jumped 2,952% in a single day (from 238.91B to 6.42T SHIB).
- SHIB price spiked 11%, with open interest rising 20.72% to $182.67M.
- Technical breakout from a falling wedge pattern signals a bullish reversal.
- MACD turns bullish; RSI hovers near 68 — showing strong buying interest.
- Fibonacci levels suggest potential for a 20–30% upside if momentum holds.
- Shibarium adoption and token burns support SHIB’s deflationary narrative.
- Investor sentiment improves, with 78% of holders holding SHIB for over a year.
Whales Make Waves: SHIB Inflows Explode
Shiba Inu is back in the spotlight after whale activity surged dramatically. On May 7, large holder inflows shot up by 2,952%, moving from 238.91 billion to an eye-popping 6.42 trillion SHIB. Even more telling was the 6,050% increase in net flows among top holders — indicating strategic accumulation.
This massive capital influx coincided with a swift 11% price jump, a 20.72% spike in open interest, and 81% growth in trading volume. These metrics suggest high anticipation of a potential price reversal and renewed institutional interest.
Charting the Trend: Technicals Align with Bullish Bias
SHIB’s recent breakout from a falling wedge — a classic bullish reversal pattern — has energized technical analysts. After four days of consecutive gains, SHIB is now testing resistance at the 200-day EMA near $0.00001297. A confirmed close above this level could signal the start of a new uptrend.
The MACD recently crossed into bullish territory, and while the RSI sits at 68 (close to overbought), it reflects strong buying momentum.
Analyst MiguelFT Curado recently highlighted a cup and handle formation on SHIB’s daily chart, projecting a 30% price move toward $0.00001678 — contingent on holding above the critical breakout level of $0.00001500.
Fibonacci Levels Set the Stage
Fibonacci retracement analysis places SHIB at a key resistance zone:
- 23.60% retracement: $0.00001450
- Next target: $0.00001550
- Bullish breakout goal: $0.00001600 (61.80% retracement)
However, if the $0.00001500 base doesn’t hold, SHIB may revisit support at $0.00001156.
Burns & Blockchain Activity Strengthen Fundamentals
SHIB’s deflationary mechanics continue to gain traction. Despite a 97% drop in 24-hour burns to 420,814 SHIB, the 7-day total reached over 329 million tokens — keeping downward pressure on supply.
Meanwhile, Shibarium, SHIB’s Layer-2 solution, has processed over 1.129 billion transactions and activated 206 million wallets, contributing to sustained token burns through gas fees.
Investor Sentiment: Holding Strong
While 59% of current holders remain at a loss, a whopping 78% have held their SHIB for over a year. This points to long-term conviction and growing confidence among the SHIB community.
According to IntoTheBlock, SHIB is now trading near a high-activity range around $0.000013, where over 12 trillion tokens are held — suggesting this could be a pivotal resistance-turned-support zone.
Conclusion: Is SHIB Ready to Run?
All signs point to an inflection point for Shiba Inu — surging whale interest, bullish chart patterns, on-chain strength, and deflationary pressure could align to fuel a sustained rally. While volatility remains a risk, the latest developments suggest SHIB may be preparing for a significant move.