On June 11, 2025, Shiba Inu (SHIB) experienced a remarkable spike in transaction volume, with 2.6 trillion SHIB tokens changing hands within 24 hours. This surge in volume marks the highest level since early June and is primarily attributed to renewed whale activity, which often signals impending market volatility.
Despite the volume increase, SHIB's price has not shown strong bullish momentum, currently trading near $0.00001263, struggling to break through the 100-day and 200-day exponential moving averages (EMAs) at $0.00001389 and $0.00001550, respectively. These EMAs are acting as strong overhead resistance, and the asset remains below major moving averages, indicating a bearish short-term technical outlook.
The $0.00001250–$0.00001280 support zone has been tested multiple times since April, serving as a critical psychological floor supported by algorithmic zones and retail trader interest. A sustained breakdown below this support could trigger deeper losses toward $0.00001100 or lower, especially if transaction volumes decline.
On the optimistic side, the continued high transaction volume and a relative strength index (RSI) near 42 suggest that SHIB might be entering a reversal phase if it holds above the support zone. Market sentiment and sustained whale accumulation will be pivotal in determining if this momentum can translate into a bullish price rally.
Separately, Shiba Inu community sentiment and analyst projections indicate potential for a 20% price increase, driven by notable whale accumulation and renewed investor interest. Historical data tend to support that significant whale activity often precedes substantial price movements. Key figures like Shytoshi Kusama, the lead developer, emphasize ongoing project development and community engagement, though no new executive announcements were made during this period.
In conclusion, Shiba Inu is at a critical juncture with high trading activity signaling both risks and opportunities. Maintaining fundamental support levels coupled with sustained whale interest could usher in bullish momentum. However, failure to hold these levels may lead to increased price volatility and downward pressure.