Key Insights:
- Shiba Inu (SHIB) plunged 19% in the past 24 hours, hitting $0.000014.
- Analysts believe SHIB is still in Macro Wave 3, a key phase for potential recovery.
- Whales bought 4.3 trillion SHIB during the dip, hinting at a possible reversal.
Shiba Inu Hits Key Support—Can it Hold?
Shiba Inu has struggled this week, dropping 19.18% in the past 24 hours and over 21% in the last seven days. The price fell to $0.000014, breaking below key support levels.
The $0.000015 to $0.000016 range, marked by the 0.618-0.786 Fibonacci retracement, remains critical.

The chart shows SHIB testing this zone, with buyers attempting to reclaim lost ground. A move back above $0.000016 could open the door to $0.000020, where the 200-day EMA at $0.00002059 acts as a key resistance.
Failure to hold this support puts $0.00001096, the 1.618 Fibonacci extension, as the next downside target.
Shiba Inu Still in Macro Wave 3—Can it Recover?
Shiba Inu appears to be holding within Macro Wave 3, a key phase in Elliott Wave Theory that often brings strong upward momentum.
According to Charting Guy, a crypto analyst who shared insights on X, SHIB’s recent price action aligns with this structure.
While the token saw a deeper pullback than expected in Wave 2, the overall trend remains intact, suggesting a possible rebound if key support levels hold.

The $0.000015 to $0.000016 range is a crucial support zone for Shiba Inu. This area corresponds with the 0.618-0.786 Fibonacci retracement levels, which traders often watch for potential reversals. Although SHIB briefly dipped below this range, it is now attempting to reclaim it.
If buyers step in and push the price back above these levels, the token could regain momentum for a rally.

However, if Shiba Inu fails to hold above support, there is a risk of further decline. The next major level to watch would be around $0.00001096, aligning with the 1.618 Fibonacci extension.
On the upside, the 200-day EMA at $0.00002059 stands as a key resistance point. A breakout above this level could confirm a bullish reversal, opening the door for higher price targets.
Charting Guy also noted that he plans to sell his SHIB holdings once the price reaches its all-time high, expecting a correction in Wave 4 afterward.
For now, the battle between buyers and sellers continues, and whether Macro Wave 3 can fuel a comeback will depend on how SHIB reacts to these critical price zones in the coming days.
Whales Buy 4.3 Trillion SHIB—Is a Rebound Coming?
Shiba Inu’s price drop hasn’t stopped big investors from making moves. Data from IntoTheBlock shows that whale transactions—those involving wallets holding at least 0.1% of SHIB’s supply—have surged.
At the end of January, large transactions totaled 1.5 trillion SHIB, but by the weekend, they spiked to 4.3 trillion SHIB, marking a 200% increase.

Whale accumulation during downturns often absorbs selling pressure, helping stabilize prices. This pattern has previously signaled rebounds, suggesting some large investors see potential at current levels.
However, market sentiment remains mixed. While mid-sized holders increased their positions by 6.37%, whale holdings dropped by 0.76%, and retail participation fell by 1.99%, showing caution among smaller investors.
Whale buying is a strong indicator, but it doesn’t guarantee an immediate recovery. Shiba Inu still needs to reclaim key support levels before confirming a trend reversal.
Whether this spike in accumulation sparks a price rebound or is just another market shift remains uncertain.
Shiba Inu is testing key support at $0.000015-$0.000016, with a rebound hinging on reclaiming this zone. Whale accumulation suggests buying interest, but failure to hold could send SHIB toward $0.00001096 in the coming sessions.
