SHIB Price Sees Bullish Breakout Potential as Whale Transactions Soar

Shiba Inu (SHIB) is currently trading at $0.055028, down 5.1% over the past 24 hours with a market cap of $2.96 billion.

Crypto analyst CryptoBoss notes that SHIB is consolidating near $0.00000496, an equilibrium level formed after the token's higher high.

A move above $0.00000583 could add strength to the bullish case, potentially sending SHIB toward $0.00000714.

Santiment Intelligence data shows that SHIB rose 37% in 48 hours before pulling back, with whale transactions hitting their highest daily count since March 31.

This mix of whale selling and late retail buying has shown up in past SHIB rallies, suggesting a familiar pattern.