SHIB Holds Key Support as Whales Signal Renewed Buying Interest
- SHIB: Holds $0.00000462 support as whale accumulation and exchange outflows strengthen.
- Momentum: Rising Open Interest and funding rates suggest stronger demand from leveraged traders.
- Outlook: Clearing $0.00000506 could target $0.00000538, while losing support risks $0.00000405.
Shiba Inu is showing fresh signs of strength after weeks of selling pressure. SHIB has bounced from a critical support zone near $0.00000462. Large holders also appear to be increasing their exposure again. Meanwhile, derivatives traders continue building positions as Open Interest rises. The recovery remains tentative, but buyers have gained a technical advantage. Now, SHIB must clear nearby resistance before bulls can confirm a stronger rebound.
Whales Show Early Signs of Renewed SHIB Demand
On-chain activity suggests large Shiba Inu holders have started accumulating again. Santiment data supports this early shift in whale behavior. Top non-exchange addresses held 533.41 trillion SHIB on Sunday. Those wallets held about 533.10 trillion tokens earlier last week. The increase remains modest, but the direction favors buyers. Exchange balances also provide another encouraging signal for SHIB bulls. SHIB held on exchanges fell to 138.74 trillion tokens Monday.
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