Whale Activity Pushes SHIB Prices to New Highs, But Break-Out Remains Unclear

Shiba Inu (SHIB) experienced a surge in trading volume recently, with a whopping $2.6 trillion in transactions observed on June 11, 2025, according to blockchain data. This massive activity is suspected to be fueled by whale activities and could signal upcoming market volatility. However, the price remains stuck near $0.00001263 as it struggles to break through key resistance levels set by the 100-day and 200-day exponential moving averages (EMAs). The 100-day EMA at $0.00001389 and the 200-day EMA at $0.00001550 continue to pose significant obstacles for SHIB’s price movement, with each attempt to break through encountering resistance.