Shiba Inu Price Surges as Whales Buy 530 Trillion SHIB – Breakout Imminent?

Shiba Inu (SHIB) price targets a bullish breakout from consolidation after a 6% surge in 24 hours to trade at a weekly high of $0.000015. The rally follows a 530 trillion token accumulation by SHIB whales and a 13M token burn. As bullish momentum builds, can Shiba Inu price break out from a four-year consolidation pattern?

Shiba Inu Price Forecast as 4-Year Consolidation Range Holds

In the last four years, SHIB price has been trading within a tight consolidation range between $0.000005 and $0.000096. The meme coin entered this range in mid-2021 following a parabolic bull run stirred by a 400 trillion SHIB burn by Vitalik Buterin.

However, in the last year, Shiba Inu price has been showing signs of breaking out. In 2024, it broke resistance at $0.000014, and it is now attempting to convert this resistance into support.

Bullish Case: To successfully flip the market structure, the price needs to move above the higher moving average of $0.0000182. If the price shifts above this MA and targets the next resistance at $0.000037, Shiba Inu will be on the path to breaking out of the four-year consolidation range and possibly create a fresh all-time high of $0.00025.

Bearish Case: Conversely, the market’s attention is currently on Bitcoin’s all-time high, and as BTC’s dominance rises, it may impact Shiba Inu price moves. This may prolong SHIB’s consolidation pattern, causing a drop to $0.0000055.

SHIB Whales Scoop 530 Trillion Tokens: Supply Squeeze?

Shiba Inu price’s breakdown from the four-year consolidation range may be influenced by whale accumulation.

• Data from Santiment shows that whales hold 530 trillion SHIB tokens since January 2025.
• This accumulation may cause a supply squeeze for the top meme coin as SHIB held on exchanges has declined 5 trillion to 141 trillion.

Why it matters: The 2021 SHIB rally, where Shiba Inu price shot up 27,020,216%, was triggered by Vitalik’s 400T token burn.

The whale accumulation against the falling supply is bullish for the Shiba Inu price prediction. If demand for the meme coin surges abruptly at this point, it may trigger a massive price rally.

13M SHIB Tokens Burned

The SHIB burn rate is rapidly surging, and this may also support a bullish price breakout. Data from Shibburn shows that in the last 24 hours, the SHIB burn process has removed more than 13M tokens from the circulating supply.

This surge also adds to the bullish factors that may cause a SHIB supply squeeze in the near future, which will cause a bullish breakout. Moreover, given that the last SHIB breakout in 2021 followed a massive surge in the burn rate, a repeat of this trend will aid massive gains to the upside.