Shiba Inu has struggled to regain bullish momentum, with its price chart reflecting limited recovery efforts. The coin itself remains unable to recover recent losses, keeping it well below its previous highs.
One analyst, however, suggests that 2025 could bring significant growth, potentially allowing SHIB to get closer to a new all-time high (ATH).
Shiba Inu whales are optimistic
Shiba Inu Whales appear to be capitalizing on short-term bullish prospects. In one notable transaction, addresses holding at least 0.1% of the SHIB supply purchased 2.79 trillion SHIB worth over $60 million in 24 hours. Such a large accumulation reflects renewed interest from large holders in anticipation of a possible price rise.
This trend is not isolated; similar large-scale purchases were seen throughout the month. These moves suggest that major players are preparing for a future breakthrough, thereby strengthening SHIB’s position in the market. Whale activity often demonstrates confidence in an asset’s upward trajectory.
The Macroeconomic Momentum of the Shiba Inu suggests a potential change in its trend. The Average Directional Index (ADX), currently at the threshold of 25.0, indicates that the current downtrend is losing strength. A fall below this level would signal that the bearish pressure is coming to an end, creating room for a recovery in SHIB price.
This weakening of bearish momentum aligns with increased whale activity, hinting at an improvement in investor sentiment around Shiba Inu. If the ADX falls further, it could act as a catalyst for a bullish move, provided SHIB gains sufficient buying support from retail and institutional investors.
SHIB Price Prediction: Breakout Likely
The price of the Shiba Inu remains below resistance at $0.00002341, preventing it from recovering recent losses and advancing towards $0.00003306. This key level continues to dampen upward momentum, delaying any significant rebound in the short term.
Despite this, the bullish factors mentioned above suggest that SHIB could break the resistance around $0.00002606. With continued whale activity and bullish market sentiment, Shiba Inu could overcome these obstacles, which could push the price higher.
The short-term goal is for the meme coin to recover its recent losses and surpass $0.00003306, which is 50% above the current price. This is only possible when $0.00002976 is also converted into a support level in the coming weeks.
However, failing to break through the $0.00002341 resistance could leave Consolidated SHIB above $0.00002093. A further decline below this level would invalidate the bullish thesis, highlighting the importance of key support and resistance levels for its recovery.
Disclaimer
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