The cryptocurrency market is buzzing, and Shiba Inu (SHIB) has started 2026 with a significant rebound after a long period of consolidation. In this article, we’ll dive deep into the factors driving SHIB’s recent price movement and why whales are playing a pivotal role in the token’s trajectory.
Whale Accumulation: A Catalyst for SHIB’s Price Momentum
Recent on-chain data reveals that Shiba Inu’s top 10 wallets now control over 62% of the total SHIB supply. This marks a steady increase in whale holdings, signifying growing investor confidence even during periods of price stagnation. These whales are accumulating SHIB instead of distributing, tightening the token’s supply.
This reduction in circulating supply makes SHIB more susceptible to price increases, even with modest demand. The current price bounce aligns with this supply compression trend, further strengthening the case for a potential uptrend.
Price Action: Key Levels to Watch
SHIB has rebounded from its demand zone of $0.0000065–$0.0000080, a level that has consistently acted as a strong support in past weeks. Currently trading at $0.0000093, the token has posted gains of around 3–4% in the past 24 hours.
Despite the recent rally, SHIB remains below critical moving averages clustered between $0.0000108 and $0.0000110. For a broader trend reversal, Shiba Inu needs to cleanly reclaim this zone. If the token fails to break through this key resistance, it may stay range-bound, possibly retesting the $0.0000080 level as support.
Why Now Could Be the Right Time to Watch SHIB
Although this rebound appears to be technical and short-term, SHIB’s price behavior showcases resilience. The reduced sell-off severity and increasing whale dominance suggest that buyers are regaining control amid consolidation phases.
If you’re considering entering the SHIB market, platforms like Coinbase offer a reliable way to invest in Shiba Inu and other cryptocurrencies. As always, ensure you conduct thorough research before making any investment decisions.
Final Thoughts
Shiba Inu’s recent price dynamics underline the importance of whale activity and supply compression in influencing token values. While the market awaits a clear breakout above the $0.000011 level, SHIB continues to hold its ground as a leading memecoin. Keeping an eye on evolving trends and technical indicators can help in making informed investment decisions.
