Shiba Inu Whales Go on Buying Spree – ’Inside Week’ Candle Signals Major Breakout for SHIB
Shiba Inu whales are loading up—again. A stealth accumulation pattern combined with a textbook 'inside week' candle has traders whispering about a potential bullish reversal. Forget the memes—this looks like serious money moving in.
Market psychology flips on a dime
The same traders who mocked 'dog money' last quarter are now scrambling to decode SHIB's chart patterns. That tight price range? Classic consolidation before volatility. The whale wallets swelling? Somebody's betting big on a breakout.
Technical setup screams opportunity
That inside week formation—where price action stays within the previous week's range—often precedes explosive moves. Combine that with on-chain data showing whale accumulation, and you've got a recipe for either a spectacular rally or a brutal trap (this is crypto, after all).
Just remember: in a market where Elon's tweets move markets more than fundamentals, even the prettiest chart can turn ugly fast. But for now? The dogs are barking—and Wall Street 'experts' who dismissed SHIB are suddenly taking notes.
Key points
- SHIB experienced a 4.3% price swing from $0.00001147 to $0.00001198 during the 24-hour period from 29 June 04:00 to 30 June 03:00.
- Most significant price action occurred between 21:00-22:00 on 29 June, when SHIB broke out of its consolidation pattern on 5.8x above-average volume.
- High-volume resistance established at $0.00001198, with subsequent profit-taking leading to support at the $0.00001160 level.
- 24-hour closing price of $0.00001164 represented a 1.4% gain from the opening level.
- In the last 60 minutes from 30 June 02:53 to 03:52, SHIB dropped 0.3% from $0.00001167 to $0.00001164.
- Two distinct phases marked the hourly period: an initial sharp decline to $0.00001056 between 03:17-03:28, followed by a recovery attempt peaking at $0.00001165 around 03:45.
- Volume spikes exceeding 8 million USDT occurred during key reversal points at 03:35 and 03:49, suggesting institutional positioning.
