Large holder outflows for SHIB rose 114.35% in 90 days, signaling whale exits ahead of potential market softening.
Technical resistance at 50 and 100 EMAs continues to block upward price movement despite minor recent gains.
Retail buying may be holding prices stable, but weakening volume puts SHIB's short-term rally under growing pressure.
Shiba Inu’s market activity has recently shown a sharp shift, with data confirming a 114.35% increase in large holder outflows over the past 90 days. This surge follows a notable rally that caught many retail investors by surprise. The rise in outflows, however, points to possible sell-offs by major holders, despite short-term price gains.
While SHIB’s seven-day metric shows a 47.55% increase in whale outflows, the 30-day change remains down by 44.61%. This contrast suggests that the recent surge is reactive rather than a consistent trend of accumulation. The data, sourced from IntoTheBlock, highlights a pattern that usually aligns with asset liquidation by large wallets.
Resistance Levels Continue to Hold Price Movement
Technical indicators support the cautionary signals from on-chain data. SHIB’s price is still trading below the 50-day and 100-day exponential moving averages. These resistance levels have suppressed upward momentum for several weeks. The Relative Strength Index has climbed slightly and is now around 43, but it remains under the neutral threshold of 50.
Despite the increased outflows from large wallets, SHIB has not registered a steep decline in price. This may be due to consistent activity from smaller holders or increased retail interest. However, this support could weaken if volume continues to drop and momentum stalls further.
Price Action Lacks Signs of Sustainable Recovery
The price of SHIB remains under pressure as the market adjusts to recent whale movements. Analysts are watching for changes in trading volume and exchange inflows near resistance zones. Without stronger signals of accumulation or broader investor confidence, the current rally may lack durability.
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