Shiba Inu (SHIB) has captured the market's attention as whale-sized wallets initiated a significant buying spree, capitalizing on a price dip to a 16-month low. On-chain analysis from analyst EmberCN revealed that on Monday, large holders accumulated an astonishing 10.4 trillion SHIB tokens, an equivalent value of over $110 million. This marks the most substantial single-day accumulation for the meme coin in the last five months, signaling a potential shift in sentiment among major players. This aggressive buying pressure appears to be a direct catalyst for SHIB's subsequent 17% rally from its low of $0.00001005 recorded over the weekend. The move coincided with a broader stabilization in the cryptocurrency market, as Bitcoin (BTC) recovered to trade near $108,253 after a brief but sharp downturn. The market's resilience provided a favorable backdrop for altcoins like SHIB to regain lost ground.

Shiba Inu Price Analysis: A Technical Crossroads

From a technical standpoint, Shiba Inu's price action is currently forming a classic descending triangle pattern on the hourly charts. This pattern is characterized by a downward-sloping trendline acting as resistance and a flat, horizontal line acting as support. Typically, a descending triangle is a consolidation pattern that can precede a significant price move. Traders are closely watching these boundaries for a potential breakout or breakdown. Market data shows a strong volume support zone established around the $0.00001158 level, where trading volume surged to 439 billion SHIB in a recent 24-hour period, far exceeding the daily average. This indicates that buyers are actively defending this price point, absorbing selling pressure and creating a solid foundation.

Key Support and Resistance Levels for SHIB

A decisive breakout above the descending trendline, which coincides with the immediate resistance at $0.00001175, would be a strong bullish signal. Such a move could invalidate the bearish pressure and open the door for a retest of higher resistance levels, potentially targeting the June 16 high above $0.00001230. A specific hourly candle on June 25 between 07:25 and 07:27 saw volume peak at 12.36 billion SHIB as the price touched a session high of $0.00001175, highlighting the intensity of the battle at this key resistance. Conversely, if the horizontal support of the triangle fails to hold, it would signal a bearish continuation, potentially leading to a retest of the recent lows and confirming a reversal of the recovery rally. As of the latest data, SHIB was trading around $0.00001162, indicating it remains tightly coiled within this pivotal pattern.

Ark Invest's Crypto-Related Trades Signal Market Strategy

In the broader digital asset ecosystem, institutional activity continues to provide valuable insights. Cathie Wood's Ark Invest has been actively rebalancing its portfolio, a move that reflects a strategic outlook on the crypto market's different segments. The investment firm recently sold another 415,855 shares of Circle, the operator of the USDC stablecoin, for a total of $109.6 million. This is part of a larger profit-taking strategy, following a previous sale of over 600,000 shares, after Circle's stock price experienced a monumental surge of over 670% since its public listing. Taking profits from a high-performing asset like Circle is a standard portfolio management practice to de-risk and realize gains.

Simultaneously, Ark Invest is redeploying capital into what it appears to view as undervalued crypto-adjacent equities. The firm strategically purchased 4,198 shares of Coinbase (COIN), worth approximately $1.3 million, and a more substantial 319,640 shares of Robinhood (HOOD), valued at $24.4 million. These acquisitions signal a strong conviction in the long-term growth of crypto brokerage and trading platforms. While selling shares of a stablecoin operator after a massive price increase, Ark is doubling down on the primary venues where users onboard into the crypto economy. This dual strategy of taking profits on a mature position while accumulating shares in core infrastructure platforms like Coinbase and Robinhood suggests Ark is positioning for the next wave of retail and institutional adoption in the digital asset space.