Whales continue accumulating SHIB with past surges like 870% increases and net burns outpacing buys, reducing exchange supply by up to 22% and signaling lower selling pressure.

Earlier outflows from exchanges also pointed to supply shocks that could support price recovery

Price OutlookAnalysts forecast SHIB holding above $0.00000584 in March 2026, with potential peaks at $0.00000627 and a bullish engulfing pattern on weekly charts suggesting an uptrend resumption.Current price sits around $0.00000585, up 0.62% in 24 hours$SHIB