Shiba Inu (SHIB) is experiencing a significant shift in market dynamics as large-scale investors, or "whales," have withdrawn approximately 80 trillion tokens from exchanges over the past two months. According to data from TKResearch Trading, this massive outflow has reduced the total SHIB balance on exchanges from 370.3 trillion to 290.3 trillion tokens, representing a 28% decrease in the available trading supply. This movement suggests a phase of planned accumulation, with new wallets withdrawing trillions of tokens, tightening liquidity and increasing whale influence over market supply.
Concurrently, technical analysis points to a potential bullish breakout. Analyst MMB Trader notes that SHIB recently bounced from a key weekly support level of $0.0000060, establishing a solid foundation after a challenging Q4 2025. From a current price around $0.0000090, the analyst has identified a first target of $0.00001366, which would represent a 51.7% gain. Resistance between $0.0000104 and $0.0000110 is seen as a critical hurdle to overcome for this move to materialize.
The long-term outlook is even more ambitious. MMB Trader projects further potential milestones at $0.00003364 (a 273% increase) and $0.0004753 (a 428% gain), with an ultimate long-term target of $0.00007730, which would mark a 758% rally from current levels and approach SHIB's 2021 all-time high of $0.00008854. The analyst emphasizes that sustained buying volume and momentum are essential for reaching these higher targets.
From a technical chart perspective, analyst The Trend observes SHIB pressing against the upper line of a falling wedge pattern on the weekly chart, a pattern often preceding bullish breakouts. A successful breakout could target a rally toward $0.000010 to $0.000033.
This activity follows recent ecosystem developments, including the transformation of the ShibaSwap DEX into a multi-chain platform and a partnership with Bitget for a fee-free crypto card. As of the latest data, SHIB is trading around $0.00000856 with a 24-hour spot trading volume of $22.35 million.
