After a period of uncertainty, Shiba Inu (SHIB) has rebounded, climbing back above the $0.00001 mark. This recovery is largely fueled by a significant increase in whale activity, with large investors accumulating massive amounts of the token and signaling renewed confidence in its future.
A recent highlight of this trend was a whale who withdrew over 204 billion SHIB from Coinbase, a move that analysts and investors are interpreting as a strong vote of confidence. This kind of large-scale buying often encourages smaller investors, acting as a green light that the asset has potential to grow.
The token's technical indicators are also improving. The Relative Strength Index (RSI) has risen to 47, moving out of "oversold" territory and suggesting that selling pressure has eased. Additionally, SHIB has moved above its nine-day moving average, a sign that its price is stabilizing. At the time of writing, SHIB is trading around $0.00001270, recovering from a recent low and posting daily and weekly gains.
While SHIB has flirted with the possibility of adding another zero to its price in the past, its recent bounce demonstrates its resilience at key support levels. Analysts are optimistic that if this accumulation trend continues, SHIB could see further gains, with some even hinting at a potential move toward $0.0001 in this market cycle. For now, the focus has shifted from panic to stability, which is a positive sign for the token's future.
August 2025, Cryptoniteuae