Shiba Inu (SHIB) whales are stirring, with substantial movements suggesting a significant breakout might be on the horizon. On-chain data reveals a surge in large transactions, those exceeding $100,000, indicating whale activity is heating up. This trend is often a harbinger of substantial market moves, as whales tend to buy in anticipation of positive price action.

In the past 24 hours, the volume of large SHIB transactions has skyrocketed by 106.86%, reaching a staggering 3.22 trillion SHIB, equivalent to $83.74 million, according to IntoTheBlock data. Additionally, large-holder inflows have surged by 155%, signaling that whales are actively repositioning themselves in the market.

This resurgence of whale activity has caught the market's attention, especially as SHIB's price breaks through a critical barrier. On May 20, Shiba Inu finally surpassed the daily Simple Moving Average (SMA) 50 at $0.0000247, after days of attempting to breach this resistance level. The breakout was bolstered by a broader positive sentiment in the crypto market, driven by progress toward the approval of U.S. Ethereum spot ETFs, shifting from a previously pessimistic outlook.

During the recent trading session, SHIB rose from a low of $0.000023 to a high of $0.0000261, successfully clearing the daily SMA 50, a level that had been a significant resistance point. This move represents a crucial technical milestone, suggesting a potential rally.

At the time of writing, SHIB is trading at $0.00002546, up 6.48% in the last 24 hours, maintaining its position above the critical daily SMA 50 barrier. As SHIB teeters on the brink of a breakout, the upcoming days and weeks will be pivotal. Sustaining its position above the daily SMA 50 could be crucial for continued upward momentum.

In summary, the revival of whale activity and the recent technical breakout position Shiba Inu for a potential rally. Market participants are closely watching to see if SHIB can maintain its momentum and capitalize on the bullish signals from whale movements and technical indicators.