Shiba Inu price rises over 3% weekly, showing strong demand despite whale selling and supply burns.

Shiba Inu (SHIB) price has gained around 3% over the past week, outperforming a generally weak crypto market. Despite a major whale selling 800 billion tokens, SHIB's price remains strong as buyers absorb the supply, signaling renewed demand. The token's supply is tightening due to ongoing burn activity, with over 41% of the initial supply removed. SHIB is forming a bullish ascending triangle pattern, with a key breakout level near $0.00000700 that could lead to a rise toward $0.00000900 if confirmed. This suggests SHIB may be entering a stronger upside phase as market structure improves and selling pressure fades.