The post Will Whale Interest Trigger The Next Big $SHIB Rally? appeared on BitcoinEthereumNews.com.

As meme coins experience a slight pullback, attention is shifting to the behavior of large investors. Despite market hesitation among retail traders, major players — often referred to as whales — have significantly increased their activity, particularly in Shiba Inu (SHIB). A remarkable 228% surge in large transaction volume within just 24 hours, equivalent to $17 million or 1.27 trillion $SHIB, indicates heightened whale interest. This spike follows a steady decline in large transactions since late April and marks a potential shift in sentiment. The broader crypto market remains relatively stagnant, with Bitcoin hovering around $96,000 and $SHIB trading at $0.0000126 per coin. Although weekend trading volumes tend to be lower, Bitcoin’s recent rebound from $75,000 to $97,000 demonstrates resilience and fuels optimism for a possible return above the $100,000 mark. Such movements often influence renewed buying enthusiasm across the board. While short-term price action in Shiba Inu has been subdued, historical data suggests that May could be a bullish month, prompting whales to begin accumulating in anticipation. The fear and greed index, a metric closely monitored by both analysts and institutional investors, has started trending toward a more neutral or bullish zone. Much of the recent market anxiety stemmed from macroeconomic factors like tariff discussions, which now seem to be easing. This transition away from fear could provide the momentum needed for a breakout. Source – ClayBro on YouTube Shiba Inu Price Prediction $SHIB’s current technical positioning is also worth noting. The token is facing a massive resistance zone between $0.0000140 and $0.0000190 — a level where approximately 539 trillion tokens are held by around 150,000 addresses. Breaking through this barrier could ignite a surge in buying pressure and drive the price significantly higher. However, failure to sustain upward momentum may lead to further consolidation or a temporary pullback.…

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Filed under: News - @ May 4, 2025 11:04 pm