Ah, the Shiba Inu saga continues, a tale as tumultuous as the river’s course! While its price wobbles like a drunken sailor, there’s a curious shift beneath the surface—a dance of metrics hinting at an impending revival. The whales, those mighty titans of the sea of finance, seem to be stirring once more, despite the market’s languid performance.
Data from IntoTheBlock reveals a staggering surge of over 120% in large holder inflows for SHIB over the last thirty days, with a cheeky 26% spike in just a week. What are these leviathans up to? Hoarding, it seems, as they prepare for a price rally. But lo and behold, the outflow metric has increased even more—by over 150% during the same stretch. It leaves one to ponder if our aquatic friends are merely shuffling their treasures between wallets like kids trading stickers rather than exiting the market entirely. As for the price itself, it’s clinging to its fate, still wobbling in uncertain waters.
Currently, SHIB lays low around $0.00001159, struggling like an actor with stage fright beneath the 50 and 100 EMA trendlines. The critical resistance at $0.00001270 remains a dream—a vision yet unattained. Despite our whale friends frolicking about, the absence of a price recovery reveals the fragile state of this digital playground. The volume trend? Declining, as if someone drained the excitement right out of it without so much as a “thank you.”
The RSI hovers in the mid-40s, neutral and indifferent, like a spectator at a boring play. Should SHIB tumble below $0.00001050, it risks plummeting toward the psychological abyss of $0.00000900 or lower—a veritable free-fall that could incite a sell-off frenzy. But fear not! The sudden interest from our whale buddies might act as a life-jacket, potentially allowing SHIB to stabilize and make another daring attempt at that pesky $0.00001270 threshold.
Whether this whale excitement marks the dawn of a glorious accumulation phase or just a fleeting whim shall reveal itself in the next few sessions. Traders, sharpen your gaze! Keep a watchful eye upon SHIB’s grip on $0.00001050—a line so thin it separates a gentle recovery from a plunge into despair. The fate of whale activity and volume recovery awaits your astute observations in the days to come.
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2025-04-16 14:45