SHIB: 36% Rally Sparks Whale Buys and Short Bets

SHIB ripped 36% in a single session while whales stepped up accumulation and token burn rate accelerated alongside surging volume, according to trader @CryptoKing4Ever.

The move fits the pattern seen over the past six months where rapid pumps in SHIB have repeatedly drawn late buyers into euphoric tops; the trader opened a sizable short, noting that such rallies often trap participants even as the market frequently invalidates bearish bets.

Technical confluence on the 4h chart shows price holding a bullish trend structure above the EMA50 and EMA200 support levels at $0.0, with MACD registering a golden cross at 0.0 while RSI sits neutral at 67.02 and price trades inside the Bollinger bands, suggesting any test of upper-band resistance at $0.0 could trigger a healthy retracement toward the 50-EMA before continuation.