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Shiba Inu Faces 79% Decline in Whale Transactions as Price Struggles

Shiba Inu Faces 79% Decline in Whale Transactions as Price Struggles
  • Whale transactions for SHIB have declined by 79% in three months, reflecting reduced institutional interest and weakening price stability.
  • Major outflows, surpassing $30 million on multiple occasions, have fueled SHIB’s downward trend, aligning with declining liquidity and volatility.
  • The technical indicators hint at negative market patterns because RSI approaches extremely downward points while MACD maintains its downward metrics.

Large-holder transactions in Shiba Inu (SHIB) have registered a 79% decline during the past three months. The decrease in whale transactions leads to SHIB’s price drop because institutions show less trust in the asset.

According to analyst Ali Martinez, transactions exceeding $1 million have sharply decreased, contributing to weaker market conditions. Lower high-value trades indicate that major investors are either reducing their holdings or pausing further accumulation. As a result, liquidity has suffered, leading to increased volatility in SHIB’s price movement.

The price movement of SHIB depends strongly on how Market Levels of support along with Market Resistance areas function

The SHIB coin sustains its price at $0.000016 level before reaching the $0.000021 block for resistance. The cryptocurrency faces potential difficulty in recovering unless whale transactions increase because bearish technical indicators dominate the market. Market conditions indicate conservative attitudes combined with missing investor support from large players that causes SHIB to stay under constant price decline risks.

The SHIB network experiences reduced whale action that matches the asset’s trending price devaluation. The significant drop in transactions performed by large investors indicates they might be selling out their holdings. Market liquidity deteriorates when whale activity weakens which produces substantial price fluctuations and generates instability in the market.

Data from Coinglass highlights a pattern of outflows that have exacerbated SHIB’s price decline. Significant capital exits, particularly those exceeding $30 million in late May, early November, and mid-December, coincided with sharp drops in price. The largest outflow event, surpassing $50 million in November, further contributed to SHIB’s downward trend.

SHIB shows $0.00001523 during current trading with a 2.48% downward movement since yesterday followed by a 9.58% decrease from last week. The combination of market capital value at $8.97 billion along with $229.2 million trading volume demonstrates ongoing market selling conditions.

The bearish market analysis receives backing from technical indicator readings. Investment indicators demonstrate that the Relative Strength Index (RSI) currently measures 39.62 as it gets close to oversold levels. The Flint Stone value chart shows this market is susceptible to price inversion when the RSI reading dips below 30. A rise of the asset above 50 marks a confirmed movement of market momentum because of this condition.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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