After a remarkable 2.6 trillion SHIB changed hands in a 24-hour period on June 11, 2025, Shiba Inu has once again attracted the attention of the market. This significant increase in transaction volume, which is the highest since early June, indicates a resurgence in whale activity, which is usually a leading indicator of impending volatility, according to IntoTheBlock data.
Nevertheless, bullish price action has not accompanied this spike in transaction volume. SHIB is currently trading close to $0.00001263 on the charts after failing to overcome resistance at the 200-day EMA ($0.00001550) and the 100-day EMA ($0.00001389). These EMAs still serve as overhead resistance, halting all brief attempts at rallies. The asset continues to trade below all of the major moving averages, which presents a short-term technical picture that is rather bearish.
The positioning of SHIB at a fundamental support level is crucial at this time. As a psychological floor for both algorithmic support zones and retail traders, the $0.00001250-$0.00001280 zone has been tested numerous times since April. Accelerated losses toward $0.00001100 or even lower could result from a breakdown below this level, particularly if transaction volume dries up once more.
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The substantial transaction spike may indicate accumulation, but it is important to pay attention to the subsequent candle’s diminishing follow-through volume. The asset may have trouble gaining traction if this whale activity was merely redistribution, as opposed to strategic purchasing. Nonetheless, there are grounds for cautious optimism. There is plenty of upside potential because the RSI is close to 42.
We may be seeing the start of a reversal phase if SHIB maintains this important support zone and transaction volume stays high or rises, though it will still be brittle and highly reliant on sentiment in the market as a whole. To sum up, Shiba Inu is at a turning point.
Although the 24-hour trading volume of 2.6 trillion SHIB indicates that interest is still high, the price structure is still weak. It is now crucial to maintain basic support. If it works, this might be the fresh start SHIB bulls have been anticipating. Otherwise, be prepared for turbulence.
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