Shiba Inu is back in the spotlight, shaking off its recent lows with renewed buying energy. And robust price action that’s sparked talk of a bullish turnaround. As a long-term watcher of meme coins, I’ve been tracking whether SHIB’s price can snap back after steep corrections. And this week’s performance is setting up an intriguing narrative for both traders and long-term believers.
Whale activity is another major storyline. There’s been a 70% surge in large SHIB transactions over the past 48 hours. Historically, when whale activity spikes and volume stays consistently high (now above $220M/day), it’s often a precursor to outsized price swings.
Not everything is smooth sailing, though. The recent exploit on the Shibarium network did shake investor nerves. With TVL dipping and some uncertainty as validators scrambled to recover stolen assets. Yet, the fast-moving response and bounce-back in BONE staking demonstrate that developers and the broader community remain committed to building a secure.
SHIB’s journey over the last week has been nothing short of eventful. After a modest 0.97% climb in the past 24 hours and a noteworthy 7.38% rally for the week, the SHIB price now sits around $0.00001265. With a market cap holding above $7.45 billion and a 24-hour trading volume of around $221 million, SHIB is clearly maintaining its place as a high-liquidity altcoin.
One of the most promising shifts is SHIB’s move above its 7-day SMA at $0.00001246, underscoring a change in short-term trend. At the same time, the MACD histogram has just flipped positive, hinting that bullish momentum could be building beneath the surface. However, all eyes are on the $0.0000135 resistance, marked by the 100-day EMA. A break above this could rapidly push the price towards a key supply zone, stretching up to $0.000015 or higher.
Keep an eye on $0.0000135 and $0.00001225. A close above $0.0000135 could open the door to $0.000015–$0.000016.
There were multiple factors involved, including a spike in whale transactions, a reclaimed short-term moving average, and signals of bullish momentum from technical indicators.
Yes, developers have stabilized Shibarium with contract upgrades and validator key rotations.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The BNB price has hit a new ATH of $1,100 with the start of “Uptober”…
In 2023, Pepe shocked the market when a $10,000 bet turned into $1 million within…
Story Highlights The live price of Ondo Price is Ondo price could reach a high…
Companies across the globe are increasingly exploring Bitcoin as part of their corporate strategies. This…
The U.S. Securities and Exchange Commission (SEC) is reviewing multiple crypto spot ETF applications. After…
Story Highlights The live price of Hedera crypto is . Hedera Price prediction highlights HBAR…
