Shiba Inu (SHIB) Faces Critical Support Test: Whale Activity Surges 992% Amid $36.6M Coinbase Transfer
SHIB hovers above $0.000012 support level as massive whale movements and ecosystem developments signal potential turning point
Quick overview
- Shiba Inu (SHIB) experienced a 2.5% decline after a significant whale transfer of 2 trillion tokens worth $36.60 million to Coinbase Institutional.
- Whale activity surged, with a 992% increase in discharges and a 206% rise in big holder inflows, indicating potential volatility in SHIB's price.
- SHIB is currently testing a critical support level at $0.0000127, which has historically led to price rallies.
- Analysts predict a potential 200% rally if SHIB can maintain support and break through key resistance levels.
After a huge whale transfer that shocked the crypto community, Shiba Inu SHIB/USD fell 2.5% in 24 hours. Whale Alert said on June 5 that Coinbase Institutional had received a mind-boggling 2 trillion SHIB tokens worth $36.60 million, as well as further transfers totaling 524 billion SHIB tokens.
SHIB is currently trading at $0.00001286. It has a 24-hour range of $0.00001272 to $0.00001315 and a trading volume of $131.61 million.
SHIB Whale Activity Reaches Unprecedented Levels
This week, SHIB whale activity was through the roof, with discharges rising by 992%. On June 3, significant investors exchanged 1.07 trillion tokens, up from only 105.39 billion on June 1, according to IntoTheBlock data. But big holder inflows also went up by 206%, which makes it hard to tell if whales are selling or moving around to make money.
The number of large transactions (above $100,000) rose by 216% in 24 hours, which means that prices are likely to change a lot.
SHIB/USD Technical Analysis Shows Critical Support Battle
[[DHIB/USD-graph]]
SHIB is fighting at the important $0.0000127 support level, which has been a good place for prices to bounce back in the past. This support level caused rallies from $0.000029 to $0.000033 in December 2024 and from $0.00001030 to $0.00001767 in mid-May 2025.
Key Technical Levels
- Critical Support: $0.0000127
- Immediate Resistance: $0.00001345
- Major Resistance: $0.00001387 (Daily SMA 50)
- Long-term Target: $0.00001764 (Daily SMA 200)
The RSI is at 42, which is above the oversold level, which could mean that the market is about to bounce back. Even though the 20-EMA crossed below the 50-EMA, which is a bearish sign, moderate volume shows that there isn’t too much pressure on the sell side.
Shiba Inu Ecosystem Shows Mixed Signals
The number of daily transactions on Shibarium fell from millions in mid-May to less than 75,000 in June. The price of the BONE token fell 7% to $0.266. Long-term holders, on the other hand, grew by 0.94% over the past year, which shows that serious investors are becoming more confident even though activity in the ecosystem has slowed down.
Shiba Inu Price Prediction: Analysts Target 200% Rally
Whale, even though things aren’t going well right now. Guru says that the $0.000012 level could be a good place to start a “crazy pump next week” that could reach $0.00004, which would be a 200% increase. This was the last time SHIB reached this level, which was during the meme coin craze in March 2024.
Analysts say that if resistance breaks, the price could rise further toward $0.0001, which could set new all-time highs.
Critical Week Ahead
SHIB is entering a defining time with big whale movements and testing of technical support that could lead to big price changes. To gain momentum toward $0.00001345 barrier, bulls need the coin to stay above $0.0000127 support.
If the price breaks over $0.00001387, it could confirm bullish predictions. If it doesn’t hold support, it could test lower areas around $0.00001. With open interest in futures contracts dropping 7% on Bybit and 3% on Binance, the stage is set for big changes once the direction becomes clear.
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