 
 
Shiba Inu (SHIB) is forming a classic consolidation pattern, hinting at a potential breakout that should be of keen interest.
Converging trendlines in SHIB indicate a market in equilibrium, where buying and selling pressures balance. Historically, such patterns often precede significant price moves, making SHIB a key coin to watch in the coming days.
Market analyst Degen pointed out, “The direction of the breakout is likely to be determined by market fundamentals. A bullish move could see SHIB rise approximately 35% to retest its May high of $0.00001760. Conversely, a break below the triangle’s support could lead to a decline toward the key April support level of $0.00001013.”
Therefore, SHIB’s tightening range signals a market on the brink, with a 35% increase on the upside being an option.
At the time of this writing, SHIB was trading at $0.00001290, according to CoinGecko data.
 
Meanwhile, Shiba Inu is poised for a bullish surge as ETF hype is expected to fuel Shibarium and BONE boom.
Institutional Crypto Activity Surges Amid Fed Rate Cut and Binance Inflows
Renowned analyst Ali Martinez notes that the U.S. Fed’s 25-basis-point rate cut has sparked crypto market activity since CryptoQuant data shows Binance received over $2.1B in USDT and USDC inflows in a short period.
Therefore, market dynamics are shifting as institutional activity intensifies. Whale transactions have surged, with average deposits jumping to $214,000 from $63,000 in July, signaling rising confidence among major players.
Martinez sees this as a clear signal of growing institutional positioning. Historically, surges in stablecoin inflows to major exchanges, such as Binance, have preceded heightened buying in top cryptocurrencies, including Bitcoin and Ethereum.
By holding substantial stablecoin reserves, institutions can swiftly capitalize on market opportunities driven by macroeconomic shifts or emerging technical trends.