Shiba Inu Price at Crossroads: Whales Move 67.5B SHIB after 3-Day Profit-taking

Shiba Inu price declined 5% the the last 24 hours to hit $0.000024 on Sunday January 5, while rival memes like DOGE and PEPE advanced to new peaks. On-chain data shows whales making large acquisitions amid the price dip. Is SHIB price on the verge of sharp rebound?

Shiba Inu Price Holds $0.000023 Amid 5% Pullback

Shiba Inu price has underperformed in the last 24 hours, relative to the broader crypto market trends. While the likes of Dogecoin (DOGE) and PEPE advanced above the $0.40 and $0.00020 levels respectively, SHIB has struggled to keep up with the pack.

Shiba Inu price action | SHIBUSDT

The chart above shows how SHIB price has retraced 5% in the last 24-hours, after hitting a brick-wall at the $0.000025 territory on January 3. With SHIB currently hovering above the $0.0000023 support level, trading volumes have also declined considerably, raising further downside risks despite the dominant bullish within the broader crypto markets.

Whales Spotted Buying the Dip After 3-day Selling Spree

Shiba Inu recent 5% price pullback has been linked to intense selling pressure from whale investors capitalizing on the positive start to 2025 to book profits. Lending credence to this narrative, the IntoTheBlock chart below monitors the daily netflows from wallets holding at least 0.1% of SHIB tokens in circulation.

The chart above shows that Whales capitalized on the positive start to year, buy offloading 466 billion SHIB, worth approximately $11.7 million, in a 3-day selling spree between January 1 and January 3.

When whales execute such large sell-offs during rally, it dillutes the short-term market supply, decelarating the price uptrend. This partly explains why Shiba Inu price has rejected the $0.0000025 resistance in the last 24 hours, while rival memes like DOGE and PEPE have advanced.

However, the trend could flip as the latest data shows the whales acquired 67.5 billion SHIB tokens on January 4, snapping the 3-day selling spree. If whales sustain the buying pressure, SHIB price could be in for an early rebound to make another attempt at breaching $0.0000025 resistance in the week ahead.

SHIB Price Forecast: More Consolidation Before $0.0000025 Breakout

Shiba Inu price is predicted to remain in a consolidation phase below the $0.000030 in the week ahead. Whale investors, who recently booked $14 million in profits, have shown renewed interest, but declining trading volumes indicate a lack of strong momentum to break key resistance levels in the short term.

The Parabolic SAR indicator has moved below the current price, signaling buyer dominance and potential for further upside.

If SHIB can reclaim $0.00002450 and sustain its momentum, the next critical resistance at $0.00002500, near the upper Bollinger Band, becomes attainable. A breakout above this level could open the door to a rally toward $0.000030.

On the downside, declining trading volumes and oversupply from last week’s sell-off may limit SHIB’s upward trajectory.

If SHIB fails to hold the immediate support at $0.00002200 (middle Bollinger Band), the price could pull back further to $0.00001923, aligning with the Parabolic SAR trendline.

A breach of this support risks extending the consolidation toward $0.00001800, a critical lower support zone.