Shiba Inu Poised for 194% Surge After Whales Buy 1.3 Trillion SHIB Tokens

SHIB, the 2nd largest meme coin by market cap, has dropped 20% in the last month as retail interest in meme coins cools.

Written by: Arslan Butt • Thursday, June 19, 2025 • 1 min read

• Last updated: Thursday, June 19, 2025

Quick overview

SHIB, the second largest meme coin, has experienced a 20% drop in the last month due to declining retail interest.
A double bottom pattern on SHIB's weekly chart suggests a potential bullish reversal if it bounces off the support level of $0.0000113.
For a confirmed breakout, SHIB needs to surpass the resistance level of $0.0000173, with a target price of $0.000033 indicating a potential gain of 194%.
Whale accumulation is increasing, with significant purchases of SHIB tokens, which could influence future price movements.

SHIB, the 2nd largest meme coin by market cap, has dropped 20% in the last month as retail interest in meme coins cools. As of June 19, SHIB was trading at $0.0000116, with 24hr trading volume down 16% to $128 million, indicating reduced speculative momentum. But technicals are hinting at a reversal.

Despite the downtrend, SHIB’s weekly chart shows a double bottom—a bullish reversal pattern that means a price bounce. This pattern formed after a long decline from Nov 2024 to April 2025 and found strong support at $0.0000113. SHIB is retesting this level which could be the launchpad for a big move if buying pressure returns.

Double Bottom Pattern Signals Breakout

For the bullish thesis to hold, SHIB must bounce off $0.0000113 and break above $0.0000173. If it does, a confirmed breakout above this level followed by a retest could be 194% to $0.000033.

Key Technicals:

Double bottom support: $0.0000113
Neckline resistance: $0.0000173
Target breakout price: $0.000033
Potential gain: 194% from current price

The Average Directional Index (ADX) supports this bullish view. ADX is trending down which means the current bearish trend is weakening and we are due for an upturn.

But risks remain. OBV is still declining which means selling pressure is increasing. A break below $0.0000113 could nullify the setup and send SHIB to $0.0000090 and further erode investor confidence.

Shib Price Chart - Source: Tradingview — Shib Price Chart – Source: Tradingview

Whales Are Buying

Whales are accumulating SHIB in big numbers. In the last 24 hours, wallets holding at least 0.1% of SHIB’s supply bought 1.3 trillion tokens, as large holder netflows surged from 31.56 billion to 1.34 trillion.

Summary

SHIB is at a crossroads. If $0.0000113 holds and whales keep buying, SHIB could be 194% to the moon.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.