Shiba Inu continues its bullish momentum with a breakout above key indicators, but the concentration of supply in a few wallets could trigger volatility.
Shiba Inu (SHIB) has experienced a notable surge recently, with the price trading between a low of $0.00000843 and a high of $0.000009354 within the last 24 hours. This upward movement is a clear indication of increased investor activity, as SHIB has seen a 2.9% rise in the last 24 hours. However, it is currently trading slightly below the high point, at $0.00000868, showing a small retracement in the last few hours.
Over the past 7 days, Shiba Inu has posted a significant 15.4% gain, reflecting the bullish sentiment building around the token. Looking at the 14-day performance, SHIB saw an 18.3% increase, which further cements its upward momentum in the medium term.
Shiba Inu Price Analysis
In the latest Shiba Inu price action, a breakout above the Supertrend indicator has emerged, proving the recent bullish move. Further, the green Supertrend line has shifted upward, signaling a buy signal for traders.
Since December 31, 2025, the price has surged from around $0.000006819 to a high of $0.000009395, but it currently faces some resistance at the upper range. The MACD at the bottom further supports this bullish momentum, with the MACD line pushing above the signal line, indicating increasing buying strength.
On the flip side, the $0.0000079454 level now acts as a key support point. If SHIB faces any retracement, this level could form a solid support zone. Additionally, the MACD histogram shows increasing green bars. This is a sign that momentum remains in favor of the bulls.
Is Shiba Inu Heading for Volatility?
As Shiba Inu continues its 2026 rally, a surge in price and the concentration of supply in a few top wallets could set the stage for even bigger moves. A market intelligence platform, Santiment, highlights how Shiba Inu price surged by +13% on Sunday, continuing the 2026 meme coin activity across assets.
Further, the data reveals that the top 10 largest wallets now hold nearly 63% of the total Shiba Inu supply, with the largest wallet alone holding approximately 41% of the entire supply, valued at around $3.3 billion. Typically, when fewer people hold the largest supply of a crypto, it can lead to increased volatility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
