Shiba Inu Whale Activity and Technical Alignment Signal Potential Momentum Shift

Shiba Inu (SHIB) recorded its strongest wave of whale transactions since June 6th, signaling a notable shift in large-holder behavior. According to Santiment data, there were 406 whale transfers valued above $100,000, accompanied by a net increase of over 1.06 trillion SHIB on exchanges. This flow indicates clear repositioning by large traders.

Technically, SHIB broke out of a falling wedge pattern and is undergoing a retest of the upper boundary, a decisive validation point for the breakout. The price has repeatedly reacted near the $0.00000883 zone. The daily MACD is tilting upward, and the histogram is pulling away from earlier flattening, suggesting building momentum.

Further supporting the bullish case, the Cumulative Volume Delta (CVD) confirms aggressive buy-side absorption, with buyers repeatedly absorbing dips. SHIB's burn rate spiked by over 1,244% in 24 hours, creating a meaningful reduction in circulating supply. Additionally, Funding Rates have flipped positive, indicating growing conviction among long traders.

In a broader market context, Ethereum (ETH) is testing a significant resistance cluster between $3,250 and $3,350, showing signs of structural recovery with higher lows and strong buying pressure. Meanwhile, XRP is exhibiting early signs of a slowing downtrend, holding higher lows within its descending channel and showing a shift in momentum as indicated by its RSI stabilizing in the mid-40s.