- Shiba Inu bounced back above $0.00001 after strong whale accumulation, including 204.3B SHIB withdrawn from Coinbase in just three days.
- Technical signals improved as RSI climbed to 47 and SHIB moved above the nine-day moving average, easing downside pressure.
- Analysts suggest continued whale buying and market stability could fuel a push toward $0.0001 in the current cycle.
Shiba Inu has managed to claw its way back above the $0.00001 line after weeks of uncertainty, with heavy whale accumulation helping restore confidence. Fears of the token slipping into a dreaded fifth zero have eased for now, as market sentiment shifts away from panic. Traders who were bracing for more losses are instead watching whales scoop up billions of SHIB, signaling faith that the token still has gas left in the tank.
One whale in particular made headlines after withdrawing 204.3 billion SHIB from Coinbase in just three days. Spread across 14 transactions—many of them massive—the activity was enough to get analysts and investors talking about renewed confidence. For retail holders, these whale moves often act as a green light, showing that bigger money sees value where others see weakness.
Technicals Improve: RSI Recovers and Support Holds Firm
On the technical side, things are looking less grim than they did just a week ago. Shiba Inu’s Relative Strength Index climbed to 47, pulling the token out of oversold territory. That alone suggested the worst of the recent sell pressure may have passed. On top of that, SHIB pushed back above its nine-day moving average, a small but important sign that sellers no longer fully dominate.
At the time of writing, Shiba Inu was trading near $0.00001270, bouncing back from its August 25 low of $0.00001188. That dip had marked a two-week bottom, stirring fears that another zero was about to be added. Instead, the rebound delivered a daily gain of 2.72% and a weekly improvement of 1.45%, giving the community a breather.
Analysts Hint at Bigger Upside, Eyes on $0.0001
Shiba Inu has flirted with the five-zero mark before, most recently in February and June of 2024, but each time it managed to hold its line. The latest bounce continues that pattern, showing that the token still has defenders willing to step in at key levels. For some traders, this resilience is enough to fuel short-term optimism.
Analysts argue that if accumulation keeps up and technical strength builds, SHIB could set its sights higher, maybe even towards $0.0001 in this cycle. That’s a stretch target for now, but one that no longer feels impossible. As one market observer put it, “Upside potential remains if accumulation sustains.” For the moment, the token has replaced fear with stability—and in a market like this, stability can feel like momentum.
