Shiba Inu Primed for Breakout as Dual Bullish Signals Ignite Market Frenzy

Shiba Inu isn’t just barking—it’s biting into bullish territory. Two unmistakable signals suggest this meme coin’s rally has legs. Here’s why traders are flipping bullish.

Signal #1: The breakout pattern. SHIB’s price action just carved a textbook ascending triangle—a classic harbinger of upside. No fancy jargon needed: the charts scream momentum.

Signal #2: Whale accumulation. On-chain data reveals big players gobbling up SHIB like it’s a free buffet. When the sharks move, retail follows—because nothing fuels FOMO like watching someone else get rich.

Cue the usual crypto circus: influencers hyping, skeptics scoffing, and that one guy at the dinner party suddenly explaining ‘tokenomics’ between appetizers. But beneath the noise? A legit technical setup even traditional traders would grudgingly respect.

Will SHIB moon or faceplant? Either way, the volatility will be spectacular—just like your portfolio manager’s excuses when you outperform them with dog-themed assets.

SHIB Poised for Breakout as Capital Cluster and Whale Demand Reach New Highs

The SHIB/USD one-day chart shows that the meme coin has been moving within an ascending parallel channel since June 22. The channel emerges when an asset’s price moves between two upward-sloping lines, indicating a consistent pattern of higher highs and higher lows. 

As of this writing, SHIB trades near the upper line of this channel. The meme coin appears poised to break above the line as bullish sentiment climbs. Two key on-chain metrics hint at the likelihood of this happening in the near term.

First, SHIB’s liquidation heatmap shows a concentration of Leveraged positions and liquidity just above its current trading range at $0.00001607. 

Liquidation heatmaps identify price zones where clusters of leveraged positions are likely to be liquidated. These maps highlight areas of high liquidity, often color-coded to show intensity, with brighter zones (yellow) representing larger liquidation potential.

Historically, when capital clusters FORM above an asset’s market value, they attract short-term bullish momentum as traders look to exploit these liquidity zones. Therefore, this could act as a price magnet, drawing SHIB higher in an effort to trigger liquidations and fill these orders.

Furthermore, there has been a remarkable increase in SHIB whale activity. Per IntoTheBlock, over the past month, the netflow of large holders—wallets holding more than 1% of SHIB’s circulating supply—has surged by more than 3,000%. 

This aggressive accumulation by whales suggests growing confidence in SHIB’s upside potential and confirms the possibility of a continued price breakout.

SHIB Bulls Target $0.00001671—But Will Profit-Taking Derail the Rally?

At press time, SHIB trades at $0.0000151, just below a key resistance level at $0.00001556. Continued buying pressure could push the meme coin past this threshold and toward $0.00001578, the upper line of its ascending parallel channel. 

A clean breakout above this level may open the path for a rally toward $0.00001671. This MOVE could mark a potential new monthly high as well.

However, if accumulation slows and short-term traders shift to profit-taking, SHIB risks losing momentum. A reversal could drag the meme coin down to the next support zone around $0.00001467. Thus, erasing some of its recent gains.