Shiba Inu (SHIB) has captured market attention once again after a dramatic rise in large-scale on-chain activity. In just 24 hours, over 6.7 trillion SHIB tokens were transferred across the network, setting a new weekly high for transaction volume and pointing to a potential major price shift.

This surge is not merely a numerical anomaly—it could indicate growing interest from large holders or institutional players and may mark the beginning of a larger upward trend.

Technical Support Holds Firm Amid Price Pressure

From a technical standpoint, SHIB appears to be in a favorable position. The token recently bounced off its 50-day Exponential Moving Average (EMA), currently acting as a mid-range support level. This type of technical recovery is often seen in strengthening markets and suggests that buyers are starting to regain control.

Currently trading around $0.0000135, SHIB is approaching a critical resistance level at $0.0000140. This price zone has capped upward movement for the past two months. If the asset can break and hold above this level, it could open the path to further gains.

Volume and Consolidation Suggest an Impending Move

Market analysts are watching this consolidation closely. While price action remains relatively tight, the rise in transaction volume—especially in large transfers—suggests that significant interest is building beneath the surface.

The combination of price compression and rising volume is often a precursor to sharp moves. These setups tend to favor upward momentum, particularly when on-chain metrics and technical support align.

The 200-day EMA, located near $0.000016, represents the next major resistance level. If SHIB breaks through $0.0000140 and maintains upward momentum, it could reach the 200 EMA quickly, supported by increased investor interest and improved market sentiment.

Institutional Indicators on the Rise

One notable aspect of this current movement is the rise in large transaction volumes, often interpreted as institutional involvement or whale activity. These large holders typically move strategically, which means such spikes in activity could indicate that long-term accumulation is already underway.

Analysts suggest that the growing alignment between technical signals and on-chain fundamentals may indicate that SHIB is positioning itself for a sustained upward trend.

“This level of activity combined with tightening price patterns typically results in high-volatility outcomes,” said one crypto market strategist. “The current setup is more bullish than it appears at first glance.”

What Happens if $0.0000140 Doesn’t Hold?

While momentum appears to be building, it’s important to consider the downside. If SHIB fails to decisively move past the $0.0000140 resistance, it may see a temporary retracement toward the $0.0000125–$0.0000127 support zone.

This area has historically served as a strong demand zone and could provide the base for another attempt to break higher. However, repeated failures to move upward from here could stall bullish sentiment.

Still, many technical analysts maintain a positive outlook. A clear breakout past $0.0000140, especially with confirmation from increased volume, could push SHIB toward $0.000016 and initiate a broader recovery heading into Q2.

Conclusion: A Defining Week Ahead for SHIB

The massive spike in on-chain activity, paired with a key price test just ahead, places Shiba Inu in a pivotal moment. The $0.0000140 level has now become the dividing line between a continued consolidation and the start of a new upward trend.

Whether or not SHIB can break through that threshold may determine its trajectory for the rest of the quarter. For investors and traders watching from the sidelines, the coming days could provide a critical window of opportunity—or a cautionary tale of resistance holding firm.