Shiba Inu (SHIB) Price Surges Amid 2,952% Whale Inflows and Technical Breakout Signals

Whale inflows jumped 2,952% in a day, signaling high-volume accumulation. Technical breakout from a falling wedge, bullish MACD and neutral RSI favor upside continuation. Shiba Inu (SHIB) has entered the spotlight again as a massive spike in whale activity hints at a significant market shift. On May 7, large holder inflows surged by a staggering 2,952%, jumping from 238.91 billion SHIB to over 6.42 trillion SHIB. This was matched by a 6,050% increase in net flow among the largest holders—signaling strategic repositioning. This sudden capital flow has immediate implications. SHIB’s price responded with a 11% jump, while open interest soared by 20.72% to $182.67 million. Trading volume also skyrocketed by 81%, pointing to a strong influx of market participants. Investors are likely anticipating a price reversal from current ranges, as similar activity in past cycles preceded major SHIB uptrends. While not a guarantee of bullish continuation, it reflects a shift in sentiment at the institutional and high-net-worth level. SHIB Technical Breakout Hints at Extended Bullish Momentum From a technical standpoint, SHIB has broken out of a falling wedge pattern, a classic bullish reversal structure. Over the past week, SHIB has posted four consecutive daily gains, climbing from the $0.00001240 support zone and testing the 200-day EMA near $0.00001297. This level often acts as dynamic resistance, and a confirmed close above it could validate a new trend direction. The MACD indicator recently turned bullish. Both the MACD line and signal line crossed into positive territory, confirming momentum strength. Additionally, narrowing histogram bars on the MACD hint at rising bullish pressure. The RSI, currently hovering near 68 which reflects massive buying interest while providing little room for upward expansion without immediate overbought pressure. Source: SoSoValue Fibonacci retracement levels give further insight. The breakout positions SHIB near its 23.60% Fibonacci level at $0.00001450. A clear break of this point could open the path toward $0.00001550 and a possible breakout of $0.00001600, the 61.80% retracement, representing a 20% upside from current levels. Conversely, failure to hold above the $0.00001500 base could send the token back toward $0.00001156 support.Adding to this, analyst MiguelFT Curado recently identified a cup and handle pattern on SHIB’s daily chart on tradingview, reinforcing the potential for a longer-term bullish breakout. He forecasts a potential 30% move up to $0.00001678, contingent on momentum holding above the breakout zone of $0.00001500 TradingView: Shiba Inu Price Prediction Chart Rising Burns and On-Chain Demand Support Uptrend The fundamentals of SHIB’s tokenomics continue to strengthen its bullish thesis. Over 410 trillion SHIB have been permanently removed from circulation via burns. While the recent 24-hour burn dropped to 420,814 SHIB (a 97% decline), the 7-day burn volume climbed over 329 million, suggesting deflationary pressure is still at play. Shibarium, SHIB’s Layer-2 network, has further fueled optimism. With over 1.129 billion transactions processed and 206 million wallet addresses activated, activity on the network drives token burns through gas fees—strengthening SHIB’s supply-side dynamics. Meanwhile, IntoTheBlock’s IOMAP data shows SHIB is currently trading around a high-activity zone near $0.000013, where over 12 trillion tokens are held. This is a crucial resistance band, but the fact that a significant volume of holders is now “in the money” suggests growing investor confidence. Market sentiment also appears to be shifting. Despite 59% of holders being at a loss, 78% have held SHIB for over a year, pointing to long-term conviction. Daily volume, while down 2.6% recently to $133.6 million, remains within healthy levels to support further movement. Highlighted Crypto News for Today ‌SUI Price Jumps to $3.9 With Golden Crossover, Eyes $6 All-Time High Source: https://thenewscrypto.com/shiba-inu-shib-price-surges-amid-2952-whale-inflows-and-technical-breakout-signals/