SHIB Shows Signs of Recovery Amid Whale Accumulation
Key Takeaways
- Shiba Inu (SHIB) has dropped by 12.34% over the past month.
- The current price is approximately $0.00001217 USD.
- Strong buying activity from both retail investors and large holders (“whales”) suggests a potential recovery.
- Key resistance level: $0.000015 USD.
- If selling pressure continues, the price could fall to $0.0000108 USD.
Recent Price Performance of Shiba Inu
Shiba Inu (SHIB) has lost significant value in recent weeks. Over the past 30 days, the price has fallen by 12.34%, reaching a two-week low of $0.000012 USD. On a daily basis, SHIB has also declined by more than 4%. Currently, SHIB is trading at around $0.00001217 USD.
The decline followed a failed breakout above the $0.000015 USD level. Additionally, the token was unable to break out of a descending triangle – a classic bearish chart pattern. Technical analysis reveals that the Stochastic RSI has dropped from 100 to 4.23 over the past four days, indicating strong oversold conditions.
Strong Buying Activity Despite Price Decline
Despite the downward trend, many investors are taking the opportunity to buy the dip. Data shows that both retail investors and large holders (whales) are increasingly accumulating SHIB.
A look at the order books shows a clear imbalance in favour of buy orders. The so-called “order imbalance” ratio is positive – a sign of aggressive buying behaviour. At the same time, the delta value, which measures the difference between buy and sell volume, is also positive.
Net Outflows Indicate Accumulation
According to data from Coinglass, SHIB has seen a net outflow of approximately $2.06 million USD in the past 24 hours. This means more tokens have been withdrawn from exchanges than deposited. Such movements indicate that investors are securing their holdings and intend to hold long term – a typical behaviour during accumulation phases.
Whales Increasing Their Positions
Large holders have purchased 317.63 billion SHIB tokens in a single day – more than double the amount from the previous day (148.6 billion). At the same time, outflows from this group remained low, resulting in a net inflow of 206.9 billion SHIB.
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An increasing net inflow from large investors is a clear signal: these market participants expect prices to rise. When both whales and retail investors are actively buying, it suggests a positive market outlook.
What’s Next for the SHIB Price?
Whether SHIB can reach the $0.000015 USD mark again depends on continued buyer activity. If the current buying momentum continues, a breakout above this resistance is possible. If not, the price could fall further to $0.0000108 USD – the lower boundary of the current trend channel.
Our Assessment
The recent decline in Shiba Inu’s price is technically driven and was triggered by a failed breakout at a key resistance level. However, investor behaviour – particularly among large holders – shows a clear trend toward accumulation. This suggests confidence in an upcoming price recovery.
That said, the crypto market remains volatile. A sustained recovery will depend on overall market conditions and further technical indicators. In the short term, a return to the $0.000015 USD level is possible – provided that buying pressure remains strong.
Sources
- Tradingview
- MobChart
- Coinglass
- IntoTheBlock
| Symbol | DOGE |
| Coin type | Alt Coin |
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