Shiba Inu (SHIB) continued to trade indecisively on Wednesday despite a major upswing last week.
Notably, on Sunday, Shiba Inu’s price jumped just over 13% as the 2026 meme coin frenzy continued to shift between top assets.
However, since Tuesday, SHIB has dropped about 4%, as buyers and sellers battle around the $0.000007–$0.000014 range. Despite this indecision, a trend mirrored across major crypto assets, analysts remain bullish on the meme coin’s near-term potential.
According to popular analyst Javon Marks, SHIB could surge significantly in the coming months. In a follow-up tweet earlier this week, Marks noted that SHIB could surge almost 300% based on a major bullish divergence and price breakout.
“Price breakout has followed the bullish divergences in $SHIB! An over 246% run to the $0.000032 divergence targeted area can be getting initiated here with the price breakout and additional bull divergence.” He wrote.
Just last month, the analyst pointed to a major upside for SHIB, highlighting that this pattern suggested the potential for prices to recover more than 234%, targeting levels around $0.000032.
The bullish sentiment is supported by on-chain data pointing to significant SHIB accumulation. Notably, over the last five months of 2025, roughly 35.6 million SHIB were withdrawn from Binance, indicating a sustained trend of coins leaving exchanges. Much of this accumulation occurred while the price rested on a long-term support zone, historically associated with absorbing demand. October saw the peak of this activity, with more than 20 million SHIB exiting exchanges as smart money quietly accumulated. According to Crypto Onchain, these persistent withdrawals have reduced available spot liquidity and eased structural selling pressure, suggesting the market is in a neutral-to-bullish accumulation phase rather than a distribution stage.
“Upside confirmation now depends on renewed volume and demand inflows.” He tweeted on Tuesday.
Adding to the optimism, crypto analyst Claybro emphasized Wednesday that Shiba Inu has become a focus for institutional and whale accumulation.
“Shiba Inu is performing well based on aggressive accumulation from top whales rather than a surge in retail demand. Whales understand the transition from fear into potential greed and are accumulating as much as they can.” He noted.
Further, he stated that SHIB’s current market behavior positions it alongside XRP and Solana as favored assets for concentrated capital flows. He stated in his YouTube analysis.
At press time, SHIB was trading at $0.00000863, down 1.83% in the past 24 hours.
Source: https://zycrypto.com/shiba-inu-whales-quietly-accumulate-billions-off-exchanges-is-a-massive-300-rocket-coming/
