Shiba Inu price forecast as whale activity hits historic levels

Shiba Inu (SHIB) is navigating a turbulent period, reflecting the broader uncertainty across the cryptocurrency market.

At press time Shiba Inu price was down to $0.000008273, marking a decline of roughly 16.1% over the past month, while 24-hour fluctuations saw a modest decrease of 3.5%.

Market pressure and critical support

From a technical standpoint, SHIB continues to struggle below its key $0.000014–$0.00001 support zone, which analysts identify as crucial for sustaining upward momentum.

The memecoin is currently trading approximately 33% below this support zone, and the token has faced psychological resistance that complicates any recovery attempt.

According to Bitcoin advisor, Nebraskan Gooner, failure to reclaim this support zone could place Shiba Inu’s long-term prospects in jeopardy.

Historical price action shows that losing major support levels often flips them into resistance, creating barriers for buyers and potentially extending bearish trends, which has been the case for Shiba Inu.

Technically, SHIB trades below both its 7-day and 30-day simple moving averages, signalling persistent downward pressure.

The relative strength index (RSI) remains neutral, while the MACD reflects ongoing bearish momentum despite a slight divergence.

This combination of factors suggests limited buying interest in the short term, with potential recovery contingent on both market confidence and technical breakthroughs.

Ecosystem updates offer cautious optimism

Despite the bearish trends, Shibarium developments have provided points of stability for the SHIB ecosystem.

Recent updates, including a smooth RPC upgrade and the tracking of a prior bridge hacking incident, have now been escalated to FBI and Interpol authorities, indicating that Shiba Inu’s infrastructure continues to strengthen, even amid market-wide caution.

Investor activity on-chain also shows significant whale accumulation, with over 4.1 trillion SHIB tokens leaving exchanges in recent weeks.

This movement of tokens into private wallets suggests that larger holders are positioning for longer-term opportunities, potentially reducing sell-side pressure during periods of low volatility.

Historically, such activity often precedes more pronounced price shifts, as whales tend to exert a strong influence on supply and market dynamics.

Upcoming Coinbase SHIB futures launch

Another near-term catalyst is the anticipated launch of SHIB futures by Coinbase on December 12.

Futures trading often attracts institutional interest and enhances liquidity, offering a framework for renewed market participation.

Additionally, discussions around a potential SHIB ETF, though speculative, could further support trading activity by expanding investor access.

Shiba Inu price forecast

Overall, the Shiba Inu price forecast hinges on a combination of technical recovery, ecosystem growth, and broader market conditions.

While the memecoin faces significant resistance below the $0.000014–$0.00001 zone, the underlying infrastructure improvements, including Shibarium’s ongoing upgrades and the successful RPC rollout, provide a foundation for potential rebounds.

Analysts, including Javon Marks, have projected that successful momentum around these developments could drive SHIB toward $0.000032, representing gains of more than 200% from current levels if the market responds positively.

For the short-term traders, the immediate levels to watch are the support at $0.0000085 and the resistance at $0.000009, which mark a narrow range between which Shiba Inu has been trading lately.

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