Investor Interest in Shiba Inu

Investor interest in Shiba Inu has surged, driven by a sharp 200% increase in large transaction volume—an essential on-chain indicator often showing increased whale activity. Coupled with promising technical momentum, this influx of capital may be the catalyst SHIB needs for a substantial recovery.

Following a multi-day rally triggered when the token surpassed critical resistance at $0.00001350, SHIB is now trading around $0.00001439 USDT, reflecting an increase of over 1.2% for the day. SHIB is approaching its 100-day EMA, currently at $0.00001655, having recently moved above the 50-day EMA. If a breakout occurs, the 200-day EMA could be tested around $0.00001793.

Strong on-chain signals bolster the current price movement. Whales, typically influential long-term players, are becoming more active, with large transactions (over $100,000) increasing by nearly 200%. While significant transfers can indicate distribution or accumulation, the continual price rise and steady volume suggest much of this whale activity is driven by buying.

The Relative Strength Index (RSI) is in bullish territory at 58.8, indicating increasing momentum without yet becoming overextended. This provides SHIB with further room to rise before reaching potential exhaustion levels.

From a technical perspective, after enduring months of bearish pressure, SHIB could confirm a trend reversal if it maintains its position above the 50 EMA and breaks the 100 EMA. Current bullish control arises from a favorable technical setup combined with whale-driven demand.

As both chart patterns and on-chain data align, Shiba Inu appears poised for a long-term rally. The resurgence of whale activity suggests SHIB’s next significant move is likely upward.