Shiba Inu (SHIB) is back in the spotlight as whale wallets stir the waters—over 2 trillion tokens have shifted in a matter of hours. This unexpected surge in activity from large holders is raising eyebrows across the crypto community. What does this mean for SHIB's future price trajectory? In this article, we analyze the market signals behind the scenes and what they could reveal about a potential turnaround.
Shiba Inu Struggles as Bears Tighten Grip; Bulls Await Breakout
Source: tradingview
Shiba Inu's price is showing signs of weakness, with the current value hovering between $0.00001189 and $0.00001438. Bears have dominated recently, as seen by a six-month decrease of over 50%. The resistance levels stand firm above $0.00001580, while the support rests at $0.00001083. With a relative strength index below 50, the coin remains in a bearish zone. Yet, hope might arise if bulls push past the $0.00001581 resistance, potentially leading to a 30% increase if they reach the next resistance level at $0.00001830. For now, Shiba Inu holders must be patient as bearish forces remain strong.
Conclusion
While Shiba Inu’s price action remains under bearish pressure, the sudden whale activity hints that a shift in momentum could be brewing. Key resistance levels remain critical, and a breakout above $0.00001581 may signal the beginning of a bullish run. For now, investors should watch both on-chain movements and technical indicators closely—as they may offer the earliest clues to SHIB’s next major move.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
