Shiba Inu (SHIB) has survived a volatile week, with both traders showing mixed feelings. Prices dropped to as low as $0.00001305 and then slightly higher at 0.00001200, experiencing high volatility and accumulating bear pressure. Momentum has been poor, although there have been slight rebounds. The daily volume traded also fell by over 22 percent, which underscored the cautiousness in the market. Whales and Smart Money Boost Shiba Inu Holdings The downturn highlights fragile confidence in Shiba Inu. Many investors remain cautious, balancing short-term dips with their longer-term potential. Yet, whale and smart money activity offer a contrasting signal. Nansen data shows large holders boosted their SHIB stash from 38.52 billion to over 100.52 billion tokens in recent weeks. This represents more than 62 billion tokens, valued at $745,000, added during the crash. Smart money wallets also displayed aggressive moves. Their holdings surged by 98% in 30 days, reaching 12.46 billion tokens. Such behavior is often seen as a bullish sign. Experienced traders typically accumulate when they anticipate a price rebound, even during turbulent conditions. SHIB Hold Support as Bulls Target $0.000020 to $0.000032 From a technical perspective, SHIB trades below a descending trendline that has capped rallies since late 2024. Resistance now lies near $0.00001340. A breakout above this point could fuel bullish momentum toward $0.000018–$0.000020, with an extended target at $0.00003222. Failure to break higher may see prices slip again. The nearest support stands between $0.00001200 and $0.00001220, where buyers have previously stepped in. Indicators remain neutral. The Relative Strength Index (RSI) sits at 47.42, signaling neither overbought nor oversold conditions. Volume also lingers at subdued levels. Analysts believe a clear breakout with strong volume would confirm bullish intent and lift market sentiment. Until then, SHIB remains in a make-or-break zone. Will SHIB price climb from $0.000012 to $1? Beyond near-term levels, the long-term question remains: can Shiba Inu ever hit $1? The idea has divided its community. Supporters argue it is possible through sustained growth in utility and large-scale token burns. Shiba Inu’s marketing lead, Lucie, cited a ChatGPT analysis suggesting these factors could make the bold milestone achievable. Skeptics remain firm, citing SHIB’s massive circulating supply of 589.24 trillion tokens. With the token trading at $0.00001211 and a market cap of $7.14 billion, reaching $1 would require an unimaginable rally of more than 8.2 million percent. Outlook Whale accumulation and smart money behavior provide some hope of a rebound, at least at present. How Shiba Inu will behave in the short term will depend on whether it will overcome the resistance or revert once again. The following weeks will determine whether or not the shakeout at hand now is a recovery agenda or consolidation agenda.
