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On-chain data shows a notable change in investor behavior, which has put a lot of pressure on Shiba Inu recently. As seen in the provided chart, the price has struggled to maintain its bullish momentum and is currently trading around $0.00002413. The behavior of adults SHIB However, the real story is in the holders.
Addresses with between 10 million and 100 million SHIB tokens have declined significantly, according to on-chain metrics which show a 20% decline over the period studied. Similarly, wallets containing between $10,000 and $1 million in SHIB declined by 16-22%. This trend highlights a pronounced sell-off among high-value holders, which may indicate a loss of confidence in the asset or calculated profit-taking at the current price.
In contrast, addresses holding between $1 and $1,000 of SHIB have increased by 7% to 25%, suggesting that small retail investors are taking over. The gap between whale releases and retail accumulation raises questions about market stability, although it indicates continued interest from retailers.
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Trading volume is still low, adding to bearish signals and indicating a lack of enthusiasm in the market as a whole. There is indecision among traders as the RSI (Relative Strength Index) remains near the neutral 50 level. This makes it even more difficult for SHIB to break above its current range when combined with low volume. Future critical resistance lies at $0.00002555, the area where whale activity was concentrated in the past.
The price could move towards important support at $0.00002200 if SHIB is unable to return to this level. A sustainable recovery would likely require an increase in business activity as well as renewed interest from institutional and large-scale investors. Current whale sale warns Shiba Inus to exercise caution.
Even if retail interest persists, how SHIB performs in the coming weeks will depend on the ability of the market as a whole to withstand these selloffs. For clarity, investors should closely monitor important volume levels and price thresholds.