77 Trillion Shiba Inu Dogs (SHIB) Endangered: Market Changes Raise Concern

Nod the picture to enter live, the bull market will not go short

Shiba Inu Coin (SHIB) is at a critical moment in its history, with a surge in market activity changing the landscape for the famous meme coin. On-chain data shows that investor dynamics are changing significantly, which could impact SHIB’s price action.

Recently, large wallets (addresses holding over 77 trillion SHIB) appear to be moving or consolidating their assets into smaller addresses, showing that major players are reducing their risk exposure. At the same time, the number of wallets holding between 1 trillion and 10 trillion SHIB fell by approximately 20%. In contrast, the number of smaller addresses holding between 1 billion and 10 billion SHIB increased by approximately 9%.

This suggests that while whales are retreating, retail investor interest is increasing. According to profitability indicators, only 17.61% of active addresses are currently profitable, and 75.17% of addresses are in loss. This suggests that selling pressure may develop if prices continue to fall.

Currently, SHIB is trading at $0.00002413, struggling to break above the $0.00002550 resistance. If the price breaks this key level, SHIB could test higher levels at $0.00002800. The 50 EMA (Exponential Moving Average), a key trend indicator, is aligned with this resistance, suggesting that moves may be limited by this in the short term.

However, volume remains low and the lack of sufficient buying pressure makes a price increase less likely. The RSI (relative strength index) is hovering around 51, meaning the market is neutral. If SHIB falls below the current support at $0.00002080, the next support level could fall back to $0.00002250.

The SHIB market is undergoing a turning point, and the withdrawal of whale funds and the increase in retail investors may bring about a new market pattern. Although the reallocation of funds points to a change in market sentiment, low trading volumes limit a strong price increase. A break above the key resistance at $0.00002550 is crucial for SHIB to regain momentum.

Nod the picture to enter live, the bull market will not go short