Shiba Inu is beginning to stand out as a notable gainer in the current cryptocurrency market cycle. While its recent price movements have not reflected explosive growth, several analysts now believe that the asset is on the verge of a major trend reversal.
Bear Market Exhaustion Signals a Possible Turning Point
Crypto analyst “Cantonese Cat,” known for his broad following on social media, recently commented that sell pressure on Shiba Inu has drastically declined. In his view, the bearish grip that has restrained SHIB’s price for months could soon be broken with minimal upward momentum from buyers. He emphasized that current market activity suggests holders are not offloading their positions, indicating low sell-side volume.
Shiba Inu has experienced a prolonged downtrend since March 2024, losing approximately 77% of its value, falling from a high of $0.000045 to a low of $0.00001004. Despite intermittent recovery attempts during that time, bearish resistance consistently overpowered bullish momentum, pushing the token dangerously close to losing another decimal point.
Nobody is selling $SHIB either.
Sell volume is nonexistent, and all it takes is just some volume coming in and these bear trends will reverse in a big way. https://t.co/oUpZtxBoCu pic.twitter.com/difHLffzwv— Cantonese Cat 🐱🐈 (@cantonmeow) July 13, 2025
However, analysts now suggest that conditions may be aligning in favor of a stronger price recovery, especially given recent patterns in whale accumulation.
Whale Activity Reflects Growing Confidence
On July 10, on-chain data showed that major Shiba Inu holders, those controlling at least 0.1% of the total supply, purchased 1.81 trillion SHIB tokens. This represented a 422% increase in accumulation compared to the previous day and an astonishing 1,247% rise from one month earlier.
This surge in buying coincided with SHIB surpassing the $0.000013 threshold for the first time in nearly a month. Even though 1.28 trillion SHIB was withdrawn from large wallets the same day, the net inflow remains positive, suggesting ongoing accumulation.
Currently, SHIB is trading at $0.00001364, reflecting an 11.3% gain over the past week. Despite reaching a monthly high, several market participants argue that SHIB’s price still does not reflect its potential value.
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Price Outlook from Analysts
Although Cantonese Cat did not provide a specific price target for Shiba Inu, other analysts have offered projections. “SHIB Spain,” a notable community figure, shared a chart indicating that SHIB could soon break past $0.000018. He further suggested that long-term growth could take SHIB toward the $0.0001 mark.
Meanwhile, technical analyst “Crypto Candy” described SHIB’s current chart as bullish and identified several price milestones. His short-term objective is $0.00001718, with a mid-range target at $0.00002502. Should momentum persist, he anticipates a potential move back to December 2023’s high of $0.00003324 and possibly beyond.
While optimism among supporters is increasing, not all observers are convinced. Some market participants continue to express doubts about the long-term prospects of meme-based tokens like SHIB. Critics argue that the token’s peak performance may be behind it, and that new investors should remain cautious despite recent gains.
Regardless of skepticism, the sharp decline in selling activity, combined with a noticeable surge in whale accumulation, indicates renewed confidence in the asset.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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