Shiba Inu(SHIB) Chart Breakout Signal vs. Power Movements... The Message Sent by 'Large Transactions'

Technical Resistance Recalibration Due to Surge in Trading Volume… Approaching $0.000010 Target

Shiba Inu(SHIB) recorded on-chain trading volume of 66.91 trillion(Trillion) last Sunday, attracting the highest liquidity in 9 months. This is not just a signal of retail investors chasing the market, but an interpretation that capital-rich forces are gradually building their positions.

Technical Indicators Signal ‘Bullish Trend’

From a chart perspective, the changes in SHIB are clear. Since breaking above the long-term correction pattern, the descending wedge top, on December 3rd last year, it has been battling around the 50-day exponential moving average(EMA) level of $0.0000092. If this price level is redefined as support, reclaiming the next psychological resistance at $0.000010 becomes highly probable.

Auxiliary indicators are also sending positive signals. The daily RSI(Relative Strength Index) is currently at 46, forming an ascending divergence with higher lows, and the MACD(Moving Average Convergence Divergence) maintains the golden cross signal that has already occurred, indicating an upward trend.

Market Sentiment ‘Psychological Reversal’

The shift in investor sentiment is reflected directly in the derivatives market. CoinGlass OI(Open Interest) weighted funding rate has returned to the positive(+) territory since Monday, currently maintaining at 0.0096%. A positive funding rate means long(Buy) positions are paying short(Sell) positions, indicating the market is betting more on a rebound than further decline.

Whales’ ‘Order Concentration’ Explains Trading Volume

According to CryptoQuant data, large whale orders have surged in both spot and futures markets. As of Tuesday, trading volume remains around 4.01 trillion, the highest liquidity level since March 2024. Explosive volume at the bottom typically signals smart money inflow, but in the case of SHIB, it is interpreted that the market’s ‘Hand Change’ is active, with strategic accumulation by capital-rich forces rather than retail chasing.

( Future Scenario: Approaching $0.000010 as a Clue

With technical resistance, trading volume, and whale movements all sending consistent signals, the short-term target of reattempting $0.000010 is quite compelling. If this psychological resistance is broken, a transition into a trend-based upward phase could materialize.

However, if the price drops below the current support line of $0.0000092, there is a possibility of falling to the next defense line at $0.0000076)a key bottom zone that served as a springboard for recent rebounds###. Breaking below this level could damage the upward scenario itself, so caution is advised.

Currently, Shiba Inu(SHIB) stands on a technical turning point, supported by trading volume and whale activity. Investors’ next focus will likely be on whether the $0.000010 breakout occurs.