Shiba Inu price, a popular meme-based altcoin, remains steady despite recent market fluctuations. Large holders have accumulated 30 trillion SHIB, signaling confidence. The asset holds firm above the $0.00002 support level, maintaining upward momentum. Investors watch closely for potential gains as accumulation suggests a bullish trend in the coming sessions.
Can Shiba Inu Price Bounce as Top Holders Accumulate 30 Trillion SHIB?
Shiba Inu price shows signs of potential recovery as top holders have accumulated nearly 30 trillion SHIB tokens. This whale accumulation, observed in recent weeks, indicates a growing interest in long-term holding rather than speculative trading.
The reduced availability of SHIB on exchanges could create favorable conditions for a price surge if buying pressure intensifies.
Source: Santiment
SHIB Active Addresses Spikes After Drop, Will Shiba Inu Skyrocket?
SHIB price activity has displayed a significant correlation with active address spikes, as seen in recent metrics. The first chart highlights a consistent pattern: a surge in active addresses following a price drop often triggers a subsequent price recovery.
Historical data reveals how increased network activity propels momentum, possibly hinting at renewed investor interest during lower price points.
The second chart reflects a similar trend, with Shiba bouncing after active addresses spiked on January 1, 2025. The number of active addresses reached 221, reinforcing the trend where heightened participation coincides with price movements. This pattern raises the possibility of another price rally if current address activity sustains upward pressure.
Will SHIB price skyrocket again? Market participants closely monitor these spikes for potential trends, given past recoveries after address surges. The recent uptick suggests renewed network engagement, possibly signaling bullish sentiment.
Source: Santiment
SHIB Price Analysis & Forecast
The latest SHIB price is trading at $0.00002009, showing a slight decline of 1% in the past 24 hours. The meme coin has been consolidating near a key support level of $0.00002000, with limited price movement.
SHIB recently attempted a breakout but failed to sustain momentum above $0.000025. The price currently holds above the $0.00002 support, which has been tested multiple times.
A breakdown below this level could push the Shiba Inu price forecast toward the next major support level, $0.00001500. Conversely, a bounce from this support could lead to a retest of resistance levels at $0.00002500 and $0.00003000. The RSI stands at 45.55, indicating that SHIB is neither overbought nor oversold.
SHIB Price Chart: TradingView
Shiba Inu price remains at a critical juncture as whale accumulation and rising active addresses signal bullish potential. A sustained increase in investor participation could push SHIB toward key resistance levels.
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