"SHIB whales' huge transfers triggered a sell-off suspicion, the price fell below the key support, and the future trend is undecided!"

Recently, the price of Shiba Inu (SHIB) suffered a 20% correction, which attracted great attention from the market. SHIB, which once rose 80% in November, has now entered a shock consolidation phase, and investors are nervously waiting for the next direction. What caused market anxiety was that the whales transferred 4 trillion SHIB (worth $99 million) to an unknown address, which raised questions about the possible risk of selling.

From the technical graphics, SHIB is currently facing a dilemma between consolidation and selling. The recent "rotating bottom" candlestick chart pattern reveals market uncertainty. This pattern often means that the rally may end and the market is looking for a new round of breakthrough points. The current price is close to the key support level. If SHIB falls below $0.00002100, it may usher in a deeper correction and break the bullish sentiment.

However, breaking through the key resistance level of $0.00002350 may stimulate new buying and push the price to restart the rise. At the critical moment, whether the price can hold the support and usher in a rebound is still the focus of all investors.

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