Shiba Inu Breaks Higher as Retail Traders Step In, Big Holders Retreat Before CPI Data
Shiba Inu (SHIB) is rallying despite a sharp decline in large investor activity, as traders brace for the upcoming U.S. inflation report that could set the tone for crypto markets.
Over the past four days, whale transactions exceeding $100,000 have collapsed by more than 91%, signaling a dramatic risk-off stance among institutional players. But in contrast, retail interest appears to be soaring. SHIB surged from $0.0000129 to $0.0000134, crossing a key resistance at $0.0000133 and riding a final-hour volume explosion of 975 billion tokens.
Supporting the bullish outlook, SHIB also reclaimed its 100-day simple moving average — a technical level closely watched by momentum traders.
Meanwhile, on-chain metrics show a record 1.5 million wallets now hold SHIB, reflecting rising retail ownership and community strength, even as broader markets await clarity from Wednesday’s U.S. CPI data.
Key Levels:
- Support: $0.0000134
- Resistance: $0.0000135
- Technical Setup: Ascending channel, strong buy zones forming on dips
A hotter-than-expected CPI print could spark volatility, but for now, SHIB seems to be carving its own path — one led by the crowd, not the whales.
