“Shiba Inu seeks to break the 200-day SMA resistance as Dogecoin whales accumulate 10 billion coins.”

Shiba Inu Targets 200-Day SMA as DOGE Whale Holdings Hit Four-Year High

Shiba Inu (SHIB) is making a push above its 200-day simple moving average (SMA) amid rising trading volumes, signaling potential bullish momentum.

Over the past 24 hours, SHIB climbed from $0.00001287 to $0.00001312, approaching the 200-day SMA at $0.00001300. Elevated volume of 943.1 billion tokens suggests institutional buying, reinforcing the potential breakout.

Technical Overview:

• Support: $0.00001270, tested repeatedly.
• Resistance: $0.00001300, near current price.
• Peak session price: $0.00001316.
• Token burn surged 1,682%, removing 1.3 million SHIB.
• Shibarium daily transactions topped 1.2 million.
• Institutional derivatives open interest increased 4%, amid expectations of U.S. interest rate cuts.

Meanwhile, Dogecoin (DOGE) gained over 10% for the week, fueled by optimism around the upcoming U.S. DOGE ETF. Whale addresses holding 1–10 million DOGE raised their collective holdings to 10.91 billion DOGE, a four-year high representing 7.23% of the supply, according to Santiment.

The surge in both SHIB and DOGE highlights growing institutional and retail engagement in meme tokens, setting the stage for further price action as technical levels and ETF catalysts come into play.