SHIB rose as much as 23% before easing to an 18% gain, reclaiming its 50-day SMA while the 100-day average capped the move.
Key Takeaways
Shiba Inu climbed from a daily open near $0.0000042 to an intraday high of $0.00000518, an advance of almost 24%, before pulling back to $0.0000049 at the time of writing. That left SHIB approximately 18% higher over the session.
The move came on the heaviest daily volume visible on the Coinbase chart and erased several weeks of gradual losses in a single candle. Price also broke above its recent descending trendline, reclaimed the 50-day simple moving average at $0.0000044, and pushed as far as the 100-day SMA before easing back.
Reports of increased token burns and whale accumulation added to the bullish narrative, but the scale of those developments is too limited to explain the rally alone. The exceptional volume provides stronger evidence that the session represented a genuine increase in market participation, although the open daily candle still requires confirmation.
Volume Provides the Strongest Evidence Behind the Move
At the time of writing, Coinbase volume had reached approximately 538.4 billion SHIB, the highest level visible on the chart since January. The surge arrived as SHIB broke out of its July range near $0.0000041, showing that the move involved far more activity than the sessions that preceded it.
That strengthens the rally, but it does not reveal whether the demand came from spot accumulation, short covering or traders chasing momentum. The next test is whether SHIB can hold above the reclaimed 50-day SMA after volume begins to cool.
The reported 92% increase in the daily burn rate is less significant in absolute terms. Around 226.6 million SHIB were removed over 24 hours, worth roughly $1,120 at the current price and equal to about 0.000039% of circulating supply.
The official SHIB token page describes burning as a cumulative supply-reduction mechanism, while the Shibarium burn portal connects it to ecosystem activity. For this session, however, the volume spike offers a much stronger explanation for the rally than the number of tokens burned.
The Reported Whale Position Is Too Small to Explain the Rally
According to a report citing Arkham Intelligence data, a wallet inactive for eight months resumed buying and now holds more than 50.25 billion SHIB acquired through Binance. The figure appears to reflect the wallet’s total position rather than a single purchase made just before the rally.
At the time of writing, that position was worth approximately $249,000 – around 0.0086% of SHIB’s circulating supply. That is significant for one wallet but far too small to account for the broader move.
A withdrawal from Binance would modestly reduce available exchange supply, but a single wallet cannot establish a market-wide trend. Confirming one would require similar withdrawals across multiple large holders, falling exchange balances, or continued accumulation after the price had already moved.
The available data also lacks a full transaction history, so the exact timing and size of individual purchases can’t be verified. The fairest reading is that at least one large holder renewed interest near recent lows – not that this wallet explains the rally.
The 100-Day SMA Stopped the First Advance
SHIB’s daily high of $0.00000518 effectively matched the 100-day SMA near $0.00000519. Price then returned to approximately $0.0000049, showing that sellers responded when the rally reached the average. With the daily candle still open at the time of writing, this remains an intraday test rather than a confirmed close – the level that matters is where SHIB settles, not where it briefly traded.
A daily close above the 100-day SMA would open room towards the 0.236 Fibonacci retracement near $0.0000054. Recovering that level would provide the first evidence that SHIB is extending beyond a short-term reversal from its July base.
The 200-day SMA near $0.0000058 would then become the more consequential structural resistance. It sits below the 0.382 Fibonacci retracement around $0.0000063, placing two major barriers between the current price and a broader trend change.
SHIB therefore remains inside a longer downtrend despite reclaiming the 50-day average. The latest candle has improved the short-term structure, but price is still below both the 100-day and 200-day SMAs.
RSI Shows How Quickly Momentum Expanded
The 14-day RSI rose to approximately 71 after gaining close to 30 points during the session. That moved the indicator above the conventional overbought threshold.
An RSI reading above 70 does not guarantee an immediate decline. Strong rallies can remain overbought while price continues higher. In this case, however, the size and speed of the increase show that much of the short-term momentum arrived in a single session.
That raises the probability of consolidation or a pullback before another sustained advance. It also reduces the value of projecting the initial candle directly towards every higher resistance level.
A close above the 100-day SMA followed by a successful retest would provide stronger continuation evidence. It would convert the average from immediate resistance into potential support and make a move towards $0.0000054 more credible.
The 50-Day SMA Now Defines the Breakout’s Strength
Failure to close above the 100-day SMA would leave the initial resistance test unresolved rather than invalidate the entire rally.
The first downside level is the reclaimed 50-day average near $0.00000446. Holding above it would preserve the improvement in SHIB’s short-term structure and allow price to consolidate without returning fully to the previous range.
A daily close below the 50-day SMA would weaken that interpretation. It would place the breakout candle’s low near $0.0000041 back in focus and show that buyers failed to defend the first major level recovered during the advance.
Losing $0.0000041 would be more damaging because that area formed the base of the latest reversal. A return below it would suggest that the exceptional volume represented temporary short covering or speculative demand rather than the beginning of sustained accumulation.
The next few sessions will show which side wins – whether SHIB defends its improved structure or gives back the gains from a single high-volume candle.
- Disclaimer: This article is for informational and analytical purposes only and does not constitute financial or investment advice. SHIB is a volatile asset, and technical indicators or historical price patterns cannot guarantee future performance. Readers should conduct their own research before making financial decisions.
- Methodology: Technical levels are based on the daily SHIB/USD Coinbase chart displayed through TradingView on July 25, 2026. Burn figures are based on the supplied tracker data, while the whale information comes from a report citing Arkham Intelligence.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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