Shiba Inu Whale Activity Surges as Analyst Sees SHIB on the Verge of a Rally!

Jakarta, Pintu News – The price of Shiba Inu tried to bounce back yesterday, but the effort has yet to bear fruit. On August 5, SHIB was trading at $0.0000127, recording a 0.27% decline in 24 hours.

However, one analyst predicts that Shiba Inu could potentially reach $0.000016. This prediction comes amid increased whale transaction activity and outflows from exchanges.

Shiba Inu Poised to Rise 30% as Analysts Find Wedge Pattern

Crypto analyst SHIB Knight thinks Shiba Inu (SHIB) has the potential to reach a price of $0.000016, supported by a falling wedge pattern that is starting to form.

Also read: 3 Cryptos Sold by Whales Before Donald Trump’s Global Tariffs Take Effect!

While this pattern doesn’t always guarantee a price rally, it usually signals a shift in momentum – provided the price is able to break the resistance level.

Apparently, that rally is starting to happen now. SHIB Knight notes that the price of Shiba Inu has broken the upper line of the wedge, an indication that the token could be gearing up for a bigger move. How high this surge will go depends on the distance between support and resistance.

According to the analyst, SHIB could rise to $0.000014 or even $0.000016. If the second target is reached, this would mean a potential upside of about 33% for SHIB.

However, SHIB Knight cautions that this rally is highly dependent on market momentum. Currently, signs of momentum are starting to show.

CoinMarketCap data shows SHIB’s trading volume jumped 40% in the last 24 hours (5/8), signaling increased buying interest in one of the most popular meme coins.

This 30% price increase is expected only in the short term. Meanwhile, for the long-term price outlook until 2025, Shiba Inu is considered to still have a chance to continue the positive trend.

Whale Transactions and SHIB Exchange Outflows Surge

Recently, there have been concerns that SHIB whales are starting to leave the market. However, the latest on-chain data seems to be starting to ease those concerns. Large holders are showing activity again, signaling renewed interest and a potential change in sentiment towards Shiba Inu.

Read also: Dogecoin Price Crashes 5% Today (6/8/25): 2024 Rally Pattern Reappears, DOGE Could Rise to $0.50?

According to IntoTheBlock, whale transactions jumped from 2.7 million to 26.2 million on Monday. This means that in 24 hours, this activity increased by more than 870%.

One factor that could lure the whales back is increased network activity. CoinGape reported that Woofswap proposed an update for Shibarium. If this update is implemented, Shibarium could potentially become faster and ultimately have a positive impact on the price of SHIB.

In addition, the outflow of SHIB from exchanges has also increased sharply, even exceeding the number of coins entering the exchange. Based on Coinglass data, in just the last two days approximately $3.4 million worth of Shiba Inu exited the trading platform.

Under these conditions, SHIB analyst Knight could be correct in his prediction that Shiba Inu prices have a chance to rise, as long as this trend of whale returns continues. The more SHIBs that come out of the market, the more room for prices to move up.

Plus, the overall crypto market is recovering, and it’s likely that SHIB will follow the rally of other altcoins.

For long-term investors, this could be a good time to start DCA (Dollar-Cost Averaging), given the uncertain geopolitical conditions and Trump Tariffs policies that are still affecting the market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Analyst Predicts Shiba Inu Price Rally as Whale Transactions and Exchange Outflows Spike, Time to Buy. Accessed on August 6, 2025