The Shiba Inu (SHIB) community is buzzing with excitement as prices saw a modest recovery recently โ but not everyone is convinced this pump will last. Experts are raising red flags ๐ฉ, suggesting the rally could be short-lived. Letโs break down whatโs really going on ๐
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๐ณ Whale Activity: Trouble Beneath the Surface
Large SHIB holders โ aka crypto whales ๐ โ are offloading millions of tokens. This move reduces buy-side pressure, making it harder for prices to climb. If the whales are bailing outโฆ should retail investors be worried? ๐ฌ
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๐ Weak Futures, Weak Momentum
SHIBโs futures open interest is just $179M, far behind competitors like PEPE and BONK. Add in a low trading volume (around $270M) and weak momentum indicators like the ADX below 20, and you get a token struggling to stay relevant in the meme coin race ๐ข๐ค
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๐งช Ecosystem Signals Flashing Red
Shiba Inuโs much-hyped Layer-2 network Shibarium is failing to impress with a tiny TVL (Total Value Locked) of ~$2.3M. Compared to rivals, thatโs peanuts ๐ฅ โ and not the bullish kind. Without strong fundamentals, the rally could fizzle fast ๐ฅ
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๐งญ Technical Analysis: Inverse Cup & Handle ๐ณ๏ธโ
Chart watchers warn of a possible inverse cup-and-handle pattern, which is usually a bearish formation. Combined with bearish indicators from the Supertrend and moving averages, the charts are telling a cautious tale ๐๐
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๐ Can SHIB Still Pump? Maybe, Butโฆ
Some analysts still see hope ๐ค. If SHIB breaks above $0.0000125, we might see a quick jump toward $0.0000148โ$0.0000177. But that window is tight โ and the odds donโt look great without stronger support or a surprise catalyst ๐ฏ
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๐ Bottom Line
The Shiba Inu rally may look exciting on the surface, but under the hood, the signals are concerning:
โ Minor breakout potential
โ Whale selling
โ Weak futures interest
โ Low on-chain activity
โ Bearish chart signals
This pump may be short-lived. Proceed with caution. โ ๏ธ
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๐ Key Levels to Watch
Resistance: $0.0000119 โ $0.0000125
Support: $0.0000110 โ $0.0000100 #ShibaInu ๐#SHIBAlert ๐จ#CryptoNews ๐#MemeCoinWatch ๐#CryptoMarket ๐ช $SHIB