According to @EmberCN, Shiba Inu (SHIB) whales purchased 10.4 trillion tokens, valued at over $110 million, marking the largest daily accumulation in five months after the price hit a 16-month low. This significant buying pressure contributed to a 17% price bounce from the low. From a technical perspective, SHIB's price is currently forming a descending triangle pattern on the hourly chart. A breakout above the descending trendline could signal a continuation of the recovery rally towards the $0.00001230 resistance level. Conversely, a breakdown below the triangle's support would indicate a bearish reversal. In related market news, Ark Invest continued its portfolio adjustments by selling 415,855 shares of Circle for $109.6 million while purchasing 4,198 shares of Coinbase (COIN) and 319,640 shares of Robinhood, signaling a strategic shift in its crypto-related equity holdings.

According to @rovercrc, Shiba Inu (SHIB) whales accumulated 10.4 trillion tokens, worth over $110 million, marking the largest daily accumulation in five months and contributing to a 17% price bounce from a 16-month low. The token's price action is now forming a descending triangle pattern on the hourly chart, a critical formation for traders. A breakout above the descending trendline could signal a continuation of the recovery rally toward the $0.00001230 resistance level, while a breakdown below the triangle's support could trigger a bearish reversal. Despite improving macroeconomic conditions, the broader crypto market is showing signs of fatigue, with major assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experiencing profit-taking near local resistance levels.