๐ ๐ช๐๐๐๐๐ฆ ๐๐จ๐ ๐ฃ๐๐ก๐ ๐ฆ๐๐๐ ๐๐๐ฆ๐ง โ ๐ช๐๐ฌ ๐ฃ๐ฅ๐๐๐ ๐๐ฆ๐กโ๐ง ๐๐ฅ๐๐ฆ๐๐๐ก๐ ๐ฌ๐๐ง
๐ง Whatโs Going On?
Shiba Inu (SHIB) whales โ the wallets holding the largest amounts of SHIB โ are rapidly offloading their holdings.
โก๏ธ Large holder outflows are up 114.35% over the last 90 days, according to IntoTheBlock data.
In the past 7 days alone, outflows surged 47.5%, suggesting that whales are aggressively exiting.
But here's the twist:
Despite the whale dump, SHIBโs price hasnโt collapsed. Thatโs because retail traders are buying the dip, helping hold price levels steadyโฆ for now.
๐ Technical Overview โ Still Not Bullish
SHIB is still trading below its 50-day and 100-day EMAs, which are acting as resistance.
The RSI (Relative Strength Index) is at 43 โ slightly improving, but still bearish territory.
โก๏ธ This means buyers are showing interest, but sellers still dominate the trend.
The fact that price isnโt crashing, even during heavy sell-offs, shows retail confidence. But keep in mind:
๐งจ If volume drops or enthusiasm fades, support could quickly break.
๐ What Should Traders Watch?
๐ Volume โ rising buy-side volume can hold the price up, but low volume means danger.
๐ Exchange Flows โ if whales keep sending SHIB to exchanges, more sell pressure may follow.
โ ๏ธ EMA Reclaim โ watch for SHIB reclaiming the 50 EMA as a signal for strength.
๐ Summary: Whale Dump vs Retail Resilience
Right now, SHIB is in a tug-of-war:
๐ Whales are exiting โ a potential red flag.
๐งโ๐ป Retail is defending โ a sign of grassroots belief.
If SHIB can hold current levels and flip resistance into support, it could stabilize.
But if retail demand weakens, a sharp drop may follow.
๐ฌ Final Tip:
Donโt follow whale behavior blindly โ but donโt ignore it either.
Stay alert, track volume shifts, and watch how SHIB reacts to resistance levels.