{"id":33610,"date":"2025-06-25T11:48:04","date_gmt":"2025-06-25T11:48:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33610"},"modified":"2025-06-25T11:48:04","modified_gmt":"2025-06-25T11:48:04","slug":"shiba-inu-whales-snap-up-10t-shib-prices-chalk-out-descending-triangle-pattern","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33610","title":{"rendered":"Shiba Inu Whales Snap Up 10T SHIB, Prices Chalk Out Descending Triangle Pattern"},"content":{"rendered":"<div>\n<p>Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005.<\/p>\n<p>According to CoinDesk&#8217;s AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months.<\/p>\n<p>The whale action has likely contributed to the cryptocurrency&#8217;s 17% price bounce from the 16-month low reached Sunday. Note that the broader crypto market has stabilized following the initial knee-jerk reaction to the tensions in the Middle East. BTC, which fell below $100K over the weekend, last changed hands near $106,000.<\/p>\n<p>Market data indicate that SHIB is maintaining a generally constructive posture, with higher lows forming a subtle uptrend channel. The token found significant volume support at the $0.00001158 level during the 24 hours from June 24, 09:00 to June 25, 08:00, with trading volume surging to 439 billion, well above the daily average.<\/p>\n<p>This accumulation at support levels suggests the potential for continued upside momentum if the $0.00001175 resistance can be decisively cleared. As of writing, SHIB traded at around $0.00001162 on major exchanges, according to CoinDesk data.<\/p>\n<h2>Key AI insights<\/h2>\n<ul>\n<li>Higher lows formed a subtle uptrend channel, suggesting accumulation at support levels and potential for continued upside momentum if $0.00001175 resistance is cleared.<\/li>\n<li>During the 60 minutes from 25 June 07:06 to 08:05, SHIB climbed from $0.00001169 to $0.00001171, representing a 0.2% gain.<\/li>\n<li>A significant price surge occurred between 07:25-07:27, with volume peaking at 12.36 billion SHIB as prices reached the session high of $0.00001175.<\/li>\n<li>Price action formed an ascending channel with higher lows, though a sharp correction at 08:03 tested the $0.00001171 support level, suggesting consolidation after the earlier rally.<\/li>\n<\/ul>\n<h2>Hourly chart<\/h2>\n<p>SHIB&#8217;s recovery has stalled since Tuesday, with prices trading in what appears to be a descending triangle, characterized by a falling trendline and a horizontal support line.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/f12ac2697d6b68ec5ad8170fbde6829fc7e2bb2e-2848x1292.png?auto=format\" alt=\"SHIB's hourly price chart. (TradingView\/CoinDesk)\" title=\"SHIB's hourly price chart. (TradingView\/CoinDesk)\"><\/p>\n<p>A price move through the descending trendline would signal a continuation of the recovery rally, exposing the June 16 resistance above $0.00001230. Conversely, a breakdown of the triangle would signal a bearish reversal lower.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005. According to CoinDesk&#8217;s AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months. The whale action has likely contributed to the cryptocurrency&#8217;s 17% price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33610","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33610"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33610\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}