Shiba Inu (SHIB) is trading at $0.055028 at the time of writing, down 5.1% over the past 24 hours. Trading volume is $253.7 million, and the token’s market capitalization stands at $2.96 billion.

The decline follows a period of sharp price swings, and traders are now watching whether buyers can regain control of the chart. For a token with a large retail following and frequent social-driven moves, short stretches of cooling volume and changing sentiment can matter as much as the headline price change.

SHIB Eyes Key Breakout Level

Crypto analyst CryptoBoss posted on X that SHIB is consolidating near $0.00000496, which he described as the current equilibrium point after the token formed a higher high.

The post said buyers hold a 53.4% edge over sellers, who account for 46.6%. That split suggests the market has entered a quieter phase with reduced volatility.

According to CryptoBoss, a move above $0.00000583 would strengthen the bullish case and could send SHIB toward $0.00000714.

A drop below $0.00000409 would change that outlook and could open the door to a decline toward $0.00000278.

For now, the equilibrium zone near $0.00000496 remains the level most traders are watching, with the next confirmation point sitting at the higher resistance level rather than in the middle of the recent range.

Whales Moved as Price Rose

Data shared by Santiment Intelligence on X showed SHIB gained about 37% over 48 hours before those gains faded. The rally pushed social dominance to 0.084%, the highest reading since April 2.

That increase in social activity suggested retail interest peaked as the retracement began.

Santiment also tracked 52 whale moves in a single day during the rally, the highest daily count since March 31.

The burst of large transactions suggests bigger holders may have sold into the move higher. Retail buyers appeared to enter later, a pattern often seen with meme coins.

This combination of whale selling and delayed retail buying has also appeared in previous SHIB rallies.

SHIB’s next test is the $0.00000583 resistance level. Holding above key support remains part of that setup, especially after the recent reset in momentum and social attention.

A breakout above resistance could open the path to $0.00000714, based on the targets outlined by CryptoBoss. More whale selling could instead add downward pressure.

Traders continue to monitor both possibilities as the equilibrium zone holds.