Whales 'collectively buy' as SHIB trading volume surges... Accelerating the reclaim of $0.000010

Maximum Liquidity Inflow Since March… On-Chain Data Reveals Large-Scale Whale Movements

Shiba Inu(SHIB) has recorded its highest trading volume in 9 months, securing momentum for a rebound. Notably, this rise is not driven by retail investors’ simple chasing buy orders but is part of a phased accumulation by large whale entities. As of Tuesday, SHIB is defending its price around $0.0000092 and appears to be preparing to break through the next psychological resistance at $0.000010.

Surge in On-Chain Transaction Volume… ‘Handovers’ Signal Activated

The most reliable evidence supporting the price increase is the surge in trading volume. According to on-chain data analysis platforms, the daily trading volume of the SHIB ecosystem last week exceeded 66.91 trillion(Trillion), setting a record high. As of Tuesday, it remains at 4.01 trillion, marking the highest liquidity inflow since March 2024.

Explosive trading volume at the bottom typically indicates the inflow of well-informed large funds. Diagnoses from chain data analysis firms show that in both spot and futures markets, the order volume of large whales has surged, creating a ‘buy-side advantage.’ This suggests that it is not small retail investors clustering but capitalized forces strategically building positions.

Futures Market Sentiment Reversal… Short-Selling Forces Weaken

Indicators in the derivatives market also show positive signals. The aggregated funding rate for open interest, measured by CoinGlass, has returned to the positive(+) territory since Monday, currently recording around 0.0096%. A positive funding rate means long position holders are paying additional costs to short positions, indicating market sentiment has shifted from bearish concerns to a rebound expectation.

Historical data shows that whenever SHIB’s funding rate shifts from negative to positive, it has experienced sharp upward movements. This has generated strong expectations within the investor community and supports the analysis that sustained positive signals could drive further gains.

Chart Pattern Breakout… Reaching a Technical Turning Point

From a technical perspective, significant progress has been confirmed. SHIB broke through the resistance of the long-term correction zone in early December last year, exiting the ‘Falling Wedge(’ pattern. Since then, it faced resistance at the 50-day exponential moving average of $0.0000092 but is currently battling to turn this price level into a new support.

The technical indicators are also encouraging. The daily RSI stands at 46 and maintains a higher lows bullish divergence. If RSI breaks above the neutral 50 level, buying momentum is expected to strengthen further. The MACD has already maintained a golden cross signal from last week, trending upward, supporting the continuation of the short-term bullish trend.

The short-term target is the psychological resistance at $0.000010. Surpassing this level could lead to a trend-based rally. Conversely, if the current support level collapses, the next defense zone is expected around $0.0000076, and a breakdown of this price could necessitate a reassessment of the bullish scenario.