SHIB Price Prediction: Whale Holdings Hit 74% as Price Eyes Breakout From $0.0000124

Preface

Data from blockchain analytics platform IntoTheBlock shows that large holders now control 74% of SHIB’s circulating supply, reflecting continued strong confidence among major investors.

(Source: IntoTheBlock)

Whale Dominance and Long-Term Positioning Signals

The high concentration of SHIB holdings indicates that major investors have significant conviction in its future prospects. In the crypto market, retail traders generally drive short-term price swings. Whales prefer to accumulate during price consolidation phases, waiting for a larger move. Whales are not always individual or institutional investors; they may also include exchange wallets or smart contract reserves. Such capital concentration often points to potential price volatility ahead.

Long-Term Holders Now at 79%

Beyond short-term capital flows, long-term holders—those who have held SHIB for over a year—now account for 79% of the supply. This demonstrates that the SHIB community is not solely speculative; there is also a degree of fundamental backing. A key driver behind this trend is Shibarium, SHIB’s Layer 2 solution, which delivers lower transaction fees and faster processing. This has expanded SHIB’s utility in DeFi, NFTs, and the metaverse, encouraging holders to remain invested in hopes of future ecosystem rewards.

Short-Term SHIB Price Pullback

SHIB’s price declined for four consecutive sessions, then rebounded, and is now trading around $0.0000124. Technical indicators show SHIB is trading between the 50-day and 200-day moving averages, forming a consolidation pattern.

• Resistance zone: 0.000014 – 0.000015
• Support zone: 0.000011 – 0.000012

An effective breakout above resistance could open the door to testing previous highs. Conversely, a drop below support may see SHIB retesting demand around $0.000012.

You can access SHIB spot trading at: https://www.gate.com/trade/SHIB_USDT

Summary

Although SHIB is backed by highly concentrated major capital and a strong base of long-term holders, this also suggests the potential for larger price swings. If whales begin to rebalance their positions, the market could react rapidly. Currently, SHIB has roughly 15% upside to its main resistance area, but further progress depends on bulls breaking out of the current consolidation with strong volume. Whether SHIB can build a base at $0.0000124 and rebound will hinge on the entrance of fresh capital. Confirmation by key technical indicators in the near term will also be important.