Shiba Inu Roars Back: Major Market Moves Spark Frenzy

Shiba Inu isn't just barking—it's biting into the market with seismic shifts. The meme coin that refused to die just flipped the script again.

### From Underdog to Alpha Dog

Forget 'just another dogcoin.' SHIB's latest volatility spike has traders scrambling like pups chasing a laser pointer. Liquidity pools are swelling, shorts are getting wrecked, and that 24-hour volume? Let's just say it's not fetching sticks anymore.

### The Whale Games Begin

Someone's moving serious leash—three transactions this week could've bought a small island. Retail's piling in too, because nothing screams 'sound investment strategy' like chasing the next parabolic moonshot.

### The Cynic's Corner

Sure, fundamentals matter—unless you're in crypto, where a dog wearing sunglasses can outpace traditional finance for six quarters running. Banks hate this one weird trick.

Bottom line: SHIB's either priming for another ATH or setting up the mother of all rug pulls. Either way, buckle up.

Impact of the Major Investors’ Move

The sharp drop in SHIB’s price was seen as a buying opportunity for large-scale investors. Data from CoinDesk revealed that these “whales” executed a massive acquisition of 10.4 trillion tokens, equivalent to about $110 million. This sizable purchase resulted in an immediate impact on the SHIB market, causing visible price fluctuations.

The entry of substantial players not only heightened price volatility but also led to a significant surge in trading volume. Recent volume data clearly reflects this increased market activity. The 24-hour period covering June 29 exemplifies this activity, with SHIB’s price experiencing a 4.3% fluctuation, trading within a range of $0.00001147 to $0.00001198.

The most notable movement occurred between 9:00 PM and 10:00 PM on June 29, characterized by trading volume rising to 5.8 times above average, attempting to break out of its consolidation phase.

Insights from Technical Indicators

A “nested weekly candle” pattern has emerged on SHIB’s price chart, capturing analysts’ attention. This formation occurs when a week’s trading range completes within the previous week’s range, often reflecting market uncertainty and indecision.

However, when observed immediately after a prolonged downtrend, it may signify something different. Experts suggest that this might indicate a weakening of sellers’ control and the potential onset of an upward movement. The 11% increase recorded in the past week supports this optimistic perspective.

Recent 24-hour technical data indicates that the market is delicately balanced. With high trading volume, the $0.00001198 level has been established as a resistance point. Subsequent profit-taking led to the price finding support around $0.00001160. SHIB closed the day with a slight 1.4% increase, reaching $0.00001164, with significant hourly movements noted.

Sudden drops and subsequent recovery attempts occurred primarily during nighttime hours, involving large transactions exceeding 8 million USDT. These actions have been associated with institutional investor activities. TradingView data confirms both the clarification of resistance and support levels and the ongoing increase in volume.