Shiba Inu Bounces Back from Whale Drama—Still Stuck in the Dump

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What to know:

  • Shiba Inu (SHIB) gets its groove back with a 3% bounce, outpacing Bitcoin even after a whale decided to play big fish—no sell-off though, just some whale whispering.
  • A ‘whale’ of a transaction—2.87 trillion SHIB worth $36 million—turned out to be just a fancy market-maker looking after its toys, not tossing coins out the window.
  • Yep, SHIB is still hanging 10% lower for the week, dancing within that downward channel everyone loves to hate.

Our beloved memecoin, Shiba Inu, has sprinted up 3% from its sleepy overnight dip below $0.00001200—yeah, still Lilliputian territory but hey, it’s beating Bitcoin at its own game (or at least trying). And just when you thought it was all doom and gloom, a massive whale transaction of 2.87 trillion SHIB worth $36 million sparked some fireworks, or so the algorithms said. Turns out, the whale was just a good ol’ market maker hiding behind the curtains, not a seller with a grudge.

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AI’s Hot Takes on SHIB’s Rollercoaster

  • SHIB dipped from 0.0000129 down to 0.0000119—a 7.7% nosedive on volume so high it probably woke up your neighbors (2.9B during the sell-off, in case you were wondering).
  • Someone’s got a bullish eye—support at 0.0000120 with serious demand; tell your friends, SHIB is thirsty.
  • An ascending support line formed like a good bra—lifting those prices a comfy 4.9% above the lows, stabilizing around 0.0000122.
  • Just when you thought it was over, SHIB surged with volume spikes, climbing like it just remembered it has fans.
  • Massive buy-in at 07:55 when volume hit 32.3B—because nothing says ‘buy the dip’ like a good ‘ol high-volume splurge.
  • Resistance at 0.0000123 was shattered—take that, bears—during the final frantic minutes of the session.

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2025-06-06 16:26