Shiba Inu mirrors 2023’s bullish pattern, aiming for $0.0000456 as whales scoop up 1.7T SHIB despite a 5% daily drop to $0.0000149.
After falling 5% in a single day, Shiba Inu (SHIB) trades at $0.0000149 on July 22.
The present collapse looks to be part of a 2023 pattern that supported a Shiba Inu price climb to $0.0000456, but it also follows a 38% spike in the last 30 days.
After purchasing nearly 1.7 trillion SHIB in the past day, whales may be preparing for huge profits.
Price Of Shiba Inus Reiterates 2023 Bullish Trend
Between December 2024 and July 2025, Shiba Inu formed a double bottom, and the price has been following this pattern for months.
According to a prior CoinGape research, this trend may cause the SHIB price’s potential spike to $0.000029 this month.
However, given that the meme coin has failed to rise above the resistance level of $0.0000176 and is now declining again, this boom has not materialized.
This may indicate that traders are waiting to see if the sellers will produce a crash rather than purchasing right now.
Similar to how the SHIB price failed to confirm this pattern during the final quarter of 2023, it also failed to rally after the hurdle was hit again this week.
However, Shiba Inu ultimately had a 300% rise in 2023, pushing it to $0.0000456 after the price had failed to break through this barrier for a few weeks.
The March 2024 high of $0.0000456—a 194% increase from the present price of $0.000015—is the most likely target for the Shiba Inu price if this pattern is replicated.
The price might reach $0.000060 if it were to make the same 300% rise that it made in 2023 and 2024.
The positive Shiba Inu price is supported by the AO bars, which turn green while they turn negative, indicating that the bearish emotion is waning.
The bullish prediction is expected to materialize in the upcoming weeks, and $0.0000456 may be a reachable target if the MFI continues to make higher highs and the AO bars shift to the positive side.
Here is a more in-depth look at our analysts’ long-term Shiba Inu price predictions.
As Momentum Changes, Whales Accumulate SHIB
Whales are purchasing SHIB, according to data from IntoTheBlock, which comes after significant holder netflows increased from 161 billion to 1.93 trillion tokens.
This indicates that these SHIB whales have purchased about 1.769 trillion tokens in a single day.
This data indicates that big traders are not giving up despite worries that the price may decline after it could not break above the double bottom resistance.
Based on this indication, the SHIB price will likely continue its upward trend.
This on-chain data and the recurrence of the 2023 pattern suggest that the current decline may be short-lived and that the price of Shiba Inu may resume the upward trajectory it began two weeks ago, potentially reaching $0.000045.
