{"id":11649,"date":"2025-09-24T15:31:37","date_gmt":"2025-09-24T15:31:37","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-price-hits-crucial-support-as-whales-quietly-accumulate\/"},"modified":"2025-09-24T15:31:39","modified_gmt":"2025-09-24T15:31:39","slug":"shiba-inu-price-hits-crucial-support-as-whales-quietly-accumulate","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-price-hits-crucial-support-as-whales-quietly-accumulate\/","title":{"rendered":"Shiba Inu price hits crucial support as whales quietly accumulate"},"content":{"rendered":"
\n

The Shiba Inu price has crashed to a crucial support level, as on-chain metrics indicate ongoing accumulation by whales and so-called smart money investors.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Shiba Inu price has bottomed at a crucial support level this week.<\/li>\n
  • On-chain data show that whales are slowly accumulating the coin.<\/li>\n
  • Exchange balances have been in a strong downward trajectory.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Whales are buying SHIB; exchange outflows jump<\/h2>\n

    Shiba Inu (SHIB), the biggest meme coin on Ethereum (ETH), could be about to rebound after plummeting by 633% from the highest point in November last year.\u00a0<\/p>\n

    A key catalyst for the coin is that whales are accumulating it aggressively. Nansen data shows that whales have increased their holdings by 85% over the last 30 days, reaching over 100.5 billion coins.\u00a0<\/p>\n

    These investors have bought over 62 billion SHIB coins since September 13. This is notable since the accumulation started after the recent Shibarium hack.\u00a0<\/strong><\/p>\n

    Similarly, insiders have been on a buying spree this month. They have boosted their holdings to 12.4 billion coins, up from a low of 10 billion coins in August this year.<\/p>\n

    Increased whale and smart money buying is a sign that these investors expect the coin to rise. In most cases, these market participants buy before a rebound.\u00a0<\/p>\n

    Another bullish case for the SHIB price is that exchange outflows have accelerated this month. There are now 283 trillion tokens on exchanges, down from 297 trillion three months ago.<\/p>\n

    SHIB exchange balances | Source: Nansen<\/figcaption><\/figure>\n

    A potential catalyst for the Shiba Inu price is the rising hope among the community that at least one fund manager will apply for a spot SHIB ETF, which the U.S. Securities and Exchange Commission (SEC) may approve. <\/p>\n

    Additionally, based on the SEC standards released last week, an SHIB ETF would likely receive expedited approval, given that its Coinbase futures already exist.\u00a0<\/p>\n

    Shiba Inu price technical analysis<\/h2>\n
    \"shiba
    SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n

    Technical analysis suggests that the SHIB price could rebound soon, as it has crashed to a critical support level. This support is part of the lower side of the symmetrical triangle pattern, whose two lines are nearing their confluence level.\u00a0<\/p>\n

    Additionally, the current price is aligned with the major support\/resistance level of the Murrey Math Lines tool. In most cases, an asset tends to rebound after hitting this support level.\u00a0<\/p>\n

    Therefore, a rebound could see the Shiba Inu price soar to the ultimate resistance at $0.00001490, up by about 25% above the current level. A drop below the major S\/R will invalidate the bullish forecast.\u00a0<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    The Shiba Inu price has crashed to a crucial support level, as on-chain metrics indicate ongoing accumulation by whales and so-called smart money investors.\u00a0 Summary Shiba Inu price has bottomed…<\/p>\n","protected":false},"author":1,"featured_media":1410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11649"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11649\/revisions"}],"predecessor-version":[{"id":11650,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11649\/revisions\/11650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1410"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}