Whales have accumulated 10.4 trillion Shiba Inu (SHIB) tokens during a market recovery, indicating a potential shift in sentiment among large holders.
Shiba Inu has shown positive signs, including the formation of an inside-week candle and a breakout on high volume, with the next target price at $0.00002.
Technical indicators suggest a bullish outlook for SHIB, with the emergence of key chart patterns, increasing trading volume, and a return to profitability for many traders.
Analysts point to the possibility of SHIB breaking above key resistance levels, potentially leading to a rally towards $0.000025, while closely watching support levels around $0.00001000 for further price movements.