A prominent analyst has identified a critical trendline breakout for Shiba Inu (SHIB), suggesting an imminent price rally.
Despite reaching a multi-month peak of $0.000033 in December 2024, SHIB has since consolidated around $0.00002. As of today, the token trades at $0.00002223, reflecting a modest 3% daily gain and a 4.40% weekly increase.
Shiba Inu’s Bullish Signal: Breaking the Downward Trendline
Pseudonymous analyst SHIB Knight highlighted a pivotal technical development on January 15:
"Shiba Inu is ready to pump."
The analysis reveals a downward trendline—connecting SHIB’s lower highs—finally breached. Such breakouts often indicate weakening bearish pressure and growing buyer dominance. Historically, this pattern precedes upward momentum, potentially propelling SHIB into a new bullish phase.
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Large Holders Show Renewed Accumulation
Data from IntoTheBlock underscores shifting sentiment among SHIB’s major investors:
- 7-day net flow: +1.93%
- 30-day net flow: +765.83% (post-December recovery)
- 90-day net flow: -17.80% (residual selling pressure)
While short-term accumulation is evident, long-term caution persists.
Derivatives Market Reflects Growing Interest
SHIB’s derivatives activity signals heightened trader engagement:
| Metric | Value | Change |
|-----------------------|-----------------|--------|
| 24h Trading Volume | $187.03M | +30.74%|
| Open Interest | $486.69M | +9.90% |
| Short Liquidation | $234,220 | — |
| Long Liquidation | $170,920 | — |
The data suggests bears were caught off guard, with liquidations skewing toward short positions.
FAQ: Shiba Inu’s Potential Rally
Q1: What triggered SHIB’s recent breakout?
A: The breach of a long-term downward trendline, signaling reduced selling pressure.
Q2: Are large investors buying SHIB again?
A: Yes—30-day net flows show significant accumulation, though 90-day flows remain negative.
Q3: How does derivatives activity impact SHIB’s price?
A: Rising open interest and volume indicate growing trader confidence, often preceding volatility.
Q4: Is this a good time to invest in SHIB?
A: Market dynamics suggest potential upside, but always conduct independent research.
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Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always perform due diligence before investing.
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