The post Shiba Inu (SHIB) Price Finds Its Floor? Big Buyers Think So appeared on BitcoinEthereumNews.com.

Key Notes SHIB is trading flat at $0.0000115 after a steep monthly decline. Analysts suggest SHIB may be forming a final bottom before a rebound. Whale wallets added 1.3 trillion SHIB in 24 hours, signaling bullish sentiment. While other top meme coins are experiencing downward pressure, Shiba Inu SHIB $0.000011 24h volatility: 0.8% Market cap: $6.76 B Vol. 24h: $114.31 M is currently trading at $0.0000115 with negligible change in the past 24 hours. It has lost over 19% in the last month and shed over $2 billion from its market cap since May 23. However, analysts believe SHIB may be at a final bottom before a potential bullish reversal. Popular crypto analyst pepeisfriend noted on X that SHIB is approaching the $0.000010-$0.000011 support band. He suggests that the meme coin could face some consolidation in the near term before the next “growth phase.” $SHIB is pretty much at the bottom now, seems like it’s approaching the support zone. If it really hits that support, it’ll likely move sideways for a while before the next growth phase. Stay confident and keep holding or even buy more #SHIB . I’m sure you won’t regret it. You… pic.twitter.com/T6Gt4SfN3g — PEPE is friend (@pepeisfriend) June 19, 2025 On-chain data confirms this long-term bullish case. Addresses holding at least 0.1% of SHIB’s supply have accumulated over 1.3 trillion SHIB in the past day. Large holder netflows surged from 31.56 billion to 1.34 trillion SHIB, a notable jump suggesting strategic shopping before a potential rally. SHIB Price Outlook On the weekly timeframe, SHIB has formed a double-bottom pattern, a bullish reversal signal that often leads to price rallies. The second trough of this pattern appears to have been completed with the recent decline. Potential double bottom pattern on SHIB weekly chart | Source: TradingView If…

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Filed under: News - @ June 19, 2025 3:22 pm