Shiba Inu (SHIB) may be entering one of its most critical phases in recent months, with technical signals and whale behavior hinting at a potential shift in momentum. Although SHIB’s price has been relatively quiet and trading sideways, a wave of activity beneath the surface could set the stage for a breakout.
At the time of writing, SHIB is trading near $0.0000125, a level just above the important structural and psychological threshold of $0.0000120. This price point has historically acted as a reliable support area, and it’s being tested once again. Holding above this level could indicate a local bottom, offering bulls a potential to push higher.
What adds weight to this support level is the sharp uptick in large transactions involving SHIB. According to data from IntoTheBlock, more than 24 trillion SHIB tokens moved via whale addresses on June 5 — marking the highest single-day volume of such activity in the last six months. Over 500 large transfers occurred that day, suggesting aggressive accumulation or strategic redistribution.
These large-scale movements often foreshadow upcoming volatility. With the RSI (Relative Strength Index) hovering near 40, SHIB remains in neutral territory, indicating there’s still room for upward momentum. If the token holds above $0.0000120 and manages to retake resistance around $0.0000134–$0.0000138, a short-term rally to $0.0000155 becomes a realistic scenario.
While a breakout isn’t guaranteed, the mix of technical support and significant whale activity presents one of the best opportunities for Shiba Inu to break out of its current stagnation.
XRP Approaches Critical Levels Amid Quiet Whale Movements
XRP investors should brace for potential surprises as the token hovers at a technical crossroads. After trading sideways with little momentum, XRP recently broke through a descending trendline that had capped price growth since early May. The breakout, paired with a bounce from the 200-day exponential moving average (EMA), has injected a fresh sense of possibility into the market.
XRP is currently trading around $2.14 and sits above its 50 and 100 EMA levels — key moving averages that could act as dynamic support in the event of a pullback. If these levels hold, XRP could attempt a push toward $2.25 or even $2.30 in the near term.
However, one key metric is raising eyebrows. On-chain data reveals that the volume of large XRP transactions has dropped significantly over the past few days. This pullback in whale activity typically precedes sharp price movements, either due to stealth accumulation or upcoming sell pressure.
The RSI remains balanced, indicating XRP is not overbought and still has potential room to climb. If the asset maintains momentum above the $2.08–$2.10 support zone, the bullish scenario may gain traction. On the flip side, if whale participation continues to decline, XRP may struggle to maintain upward momentum and could fall back into consolidation.
Traders should keep a close watch for any resurgence in large transfers, as that could mark the return of institutional interest and hint at the next major move.
Bitcoin Struggles Near Resistance as Correction Risks Loom
Bitcoin (BTC) is facing increasing uncertainty after briefly recovering from earlier lows. The world’s largest cryptocurrency is currently trading around $105,500, hovering near local resistance and testing investor confidence.
BTC is situated at the upper boundary of a short-term ascending trendline, but it’s running into strong resistance below $108,000. This level has previously acted as a rejection point, and a failure to break through it convincingly could lead to renewed selling pressure.
Momentum appears to be fading, and the 50-day EMA is now acting as key support. A decisive break below this moving average could open the door to a retest of the $100,000 level — a major psychological and technical support zone. If that zone fails to hold, bears may push the price further down toward $98,000 or even $96,000, where the 100-day EMA sits.
Should the decline extend further, the next major bearish target lies at the 200-day EMA near $91,700. Current trading volume remains low, suggesting a lack of conviction from both bulls and bears. Additionally, the RSI remains in a neutral range with no clear bullish divergence, indicating limited buying strength at present.
Bitcoin’s near-term direction will likely depend on whether it can hold the $100,000 support and regain momentum above $108,000. Until then, the asset remains vulnerable to further downside.
Market Summary: Volatility Brewing Beneath the Surface
The broader crypto market is entering a crucial phase marked by low volume, high uncertainty, and divergent technical setups across major assets. Shiba Inu is seeing renewed interest from whales, XRP is sending mixed signals with technical breakouts but waning large transaction volume, and Bitcoin is on the verge of either reclaiming higher ground or falling below key supports.
Investors should prepare for a potentially volatile week ahead. Market sentiment remains fragile, and any significant shift in whale activity, macroeconomic news, or liquidity could act as a trigger for dramatic price action.
For now, the smart strategy is caution — watching support levels, tracking on-chain metrics, and waiting for confirmation before jumping into aggressive trades.
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