Recent market analysis reveals a significant wave of bullish indicators coalescing around Shiba Inu (SHIB), painting a compelling picture of underlying strength and potential for renewed momentum. A series of key on-chain and technical developments suggests a strategic repositioning by large holders and a build-up of buy-side pressure, hinting at a potential upward trajectory for the popular meme coin.
Resurgent Market Strength and Technical Validation
Shiba Inu has witnessed its strongest whale transaction activity in months, with over 400 large transfers exceeding $100k, accompanied by a net increase of over 1 trillion SHIB on exchanges. This substantial whale repositioning, while sometimes a source of uncertainty, has occurred as SHIB respectfully holds critical structural zones. Concurrently, the token successfully broke out of a falling wedge pattern and is currently retesting its upper boundary, a crucial phase for validating buyer defense. The daily MACD's upward tilt further supports a potential shift in momentum, while the Taker Buy CVD (Cumulative Volume Delta) consistently shows aggressive buyer dominance over a 90-day window, indicating sustained absorption of dips and the early stages of accumulation cycles by larger traders.
Supply Dynamics and Growing Conviction
Adding to the bullish narrative, SHIB's burn rate has experienced a remarkable surge of over 1,244% in 24 hours, significantly reducing circulating supply. This supply reduction, when coupled with increased whale activity and strong buy-side CVD, reinforces a scarcity-driven narrative for the asset. Furthermore, funding rates across derivatives markets have flipped positive, signaling growing conviction among long traders and an alignment between spot and futures sentiment. These combined factors – strong whale participation, a validated technical breakout, consistent buy-side absorption, a sharp reduction in supply, and positive funding – collectively form one of the most supportive structures SHIB has seen recently. The current setup positions Shiba Inu favorably for continued momentum, provided that buyers successfully defend the crucial retest zone. This confluence of robust on-chain metrics and technical patterns suggests a market that is finding its footing, with several pillars of support emerging for a potential bullish continuation.
