Shiba Inu (Shib), formerly dominant, undergoes a severe slowdown in cryptocurrency, seeing a significant price reduction of 26% in the last month. Current data indicate that the same token is negotiated at $ 0.0000,1476, with a market capitalization of around $ 8.7 billion. Despite a slight increase of 1.35% in the last 24 hours, the general shib trend remains down, indicating larger market concerns.
The Exodus whale endangers the stability of Shiba Inu
Despite the concerns about the lowering indicators, some analysts have discovered the optimism of the action of SHIB prices. The specialist in the crypto Javon Marks has highlighted a reverse head and shoulder model, a training that generally signals a potential price reversal.
According to the estimate of Marks, this configuration could increase shib by 400%, bringing its value to $ 0.000081. However, given the market state today, these projections require careful interpretation.
Technical analysis paints a contrasting image
With $ 111 million in trades every 24 hours, SHIB controls 0.30% of the entire market. But investors do not seem to be as sure of themselves, because large transactions on the Shiba Inu network have dropped by more than 80% in the past 12 weeks. The sharp drop in whale activity shows that the confidence of great players is discoloration, which means that the defenders of cryptography are worried about the short -term future of the medal.
Critical support levels for examination
Market analysts carefully observe two levels of critical support which can dictate the results of Shib. The main support level is set at $ 0.000011, with secondary support established at $ 0.00,0008.
These price levels mean essential thresholds where purchase demand has traditionally appeared to mitigate negative trends. A break under these thresholds could precipitate a more pronounced drop, while an effective defense can restore the confidence of buyers.
The next few weeks will probably break or break the situation of the Shiba Inu market. With a drop of 8% this week and a monthly loss of the same amount, the token faces assembly challenges.
The significant disparity between the decreased interest in whales and positive technological forecasts has created an ambiguity. A drop in large -scale transactions indicates that traders can be increased in increased caution, while some maintain optimism for an unexpected reversal.
While investors and holders are monitoring these developments, the short -term SHIB trajectory can depend on its ability to maintain its current price in a secure range.
Star image of Gemini Imagen, tradingView graphic