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Shiba Inu (SHIB) price: The structure is increasing, aiming for the breakthrough level of US$0.00007

2026-07-29 18:29:39
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SHIB targets key breakthrough levels

Whales act when prices rise

SHIB is currently trading at US$0.055028, down 5.1% in the past 24 hours, with a market value of approximately US$2.96 billion.

Analyst CryptoBoss said SHIB is consolidating around $0.0000496, a key equilibrium level. A breakthrough of US$0.0000583 may open a upward path to US$0.0000714.

Sanitation Intelligence data showed that SHIB rose 37% in 48 hours before a correction occurred. Whale trading volume reached its highest level in a single day since March 31, suggesting possible profit-taking.

As of this writing, the trading price of Shiba Inu Coin (SHIB) is US$0.055028. Prices have fallen 5.1% in the past 24 hours. Trading volume was US$253.7 million and the market value was US$2.96 billion. The decline follows sharp fluctuations in prices. Traders are currently watching whether buyers can regain control of the chart.

SHIB targets key breakthroughs

Cryptocurrency analyst CryptoBoss posted on the platform stating that SHIB is consolidating around US$0.0000496. After the token forms a higher high point, the price serves as the current equilibrium point. The article mentioned that the buyer was slightly ahead of the seller's 46.6% by 53.4%. This divergence suggests that the market is entering a calm period of reduced volatility.

CryptoBoss explained that if the price exceeds $0.0000583, bullish expectations will be strengthened. Such breakthroughs could push SHIB towards $0.0000714. A break below US$0.00000409 may change the pattern, and under this scenario the price may fall further to US$0.0000278. At present, traders are still most concerned about the equilibrium area near $0.0000496.

Whales act when prices rise

Data shared by Sanitation Intelligence on the platform showed that SHIB rose by about 37% in 48 hours, before the increase subsided. The rally pushed social dominance to 0.084%, the highest level since April 2. The surge in social activity suggests that retail interest peaked just as the price correction began.

Sanitation also tracked 52 whale transactions in a single day during the rise. This is the highest number of whale activity since March 31. The wave of large transactions suggests that large holders may have sold on the rise. Retail buyers seem to flock in at a later stage, a common pattern in altcoins. This combination of whale sales and retail purchases has also appeared in past SHIB rallies.

For now, the next test for SHIB is the resistance level of $0.0000583. Holding key support levels remains part of the trend. Based on the target set by CryptoBoss, after breaking the resistance level, the price may open a path to $0.0000714. Conversely, more whale sales could add to downward pressure. Traders are continuing to focus on these two possibilities while the equilibrium region is maintained.

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