According to KookCapitalLLC, Shiba Inu (SHIB) is showing potential for a price recovery following significant whale activity and key technical formations. After SHIB dropped to a 16-month low of $0.00001005, whales purchased 10.4 trillion tokens, worth over $110 million, marking the largest daily accumulation in five months. This buying pressure contributed to a subsequent price bounce. From a technical standpoint, SHIB's price is consolidating within a descending triangle pattern on the hourly chart. A breakout above the triangle's upper trendline could signal a continuation of the recovery, targeting resistance above $0.00001230. Conversely, a breakdown below the horizontal support at $0.00001160 could indicate a bearish reversal. Further bullish sentiment is supported by the formation of an "inside week" candle, which suggests seller exhaustion and a potential trend reversal after a prolonged downtrend.