Shiba Inu Price Prediction: 7,000% Whale Accumulation Could Trigger a 4X SHIB Rally

Shiba Inu (SHIB) is poised for substantial growth, with analysts predicting a surge of 890% to $0.000171. Whales have been accumulating SHIB aggressively, contributing to a 7000% jump in large holder activity within the past week.

IntoTheBlock data reveals a substantial decline in monthly net flow, while the count of transactions by large holders has significantly increased, indicating a potential for significant price appreciation in the short term.

SHIB whales have been active in recent months, withdrawing large amounts of tokens from centralized exchanges. Despite the accumulation, SHIB's price has only experienced a modest 8% surge over the past 30 days.

Technical analysis indicates that SHIB is forming a bullish pennant, with analysts predicting a potential spike to $0.00003. The market sentiment remains neutral, with the price trading above the 50-day SMA but below the 200-day SMA.

SHIB is currently hovering within a four-month range between $0.00001260 (support) and $0.00002050 (resistance), with successful resistance above $0.00002050 potentially triggering a 45% surge to $0.000028.

Analysts believe SHIB could reach $0.000032, representing a 68% increase, before targeting the crucial $0.000081 mark.

Indicators such as the Average Directional Index (ADX), Moving Average Convergence Divergence (MACD), and Relative Strength index (RSI) all suggest a bullish outlook, indicating the potential for continued price appreciation.