The token's alignment with key technical levels and sequential signals suggests that the current phase could represent the basis for future gains.
Shiba Inu Faces Key Support Levels as Whales Accumulate Amid Volatility
SHIB remained below its short-term moving average.
The RSI indicates pending seller exhaustion.
Shiba Inu (SHIB) has been navigating a period of increased volatility, with prices pulling back from recent highs and on-chain metrics sending mixed signals.
Despite the short-term bearish sentiment, whale accumulation and a potential bottoming phase have emerged as key themes. With the token trading near critical support levels, market participants are closely watching for signs of a reversal.
MVRV ratio signals reduce selling pressure.
According to the Santiment chart analysis, the 30-day market cap to realizable value (MVRV) ratio of Shiba Inu has decreased to -19.43%.
The current level indicates that the most recent holders are operating at a significant loss. Historically, very negative MVRV ratios have seen periods of accumulation, where holders are unlikely to sell at a loss, reducing overall selling pressure.
Shiba Inu MVRV
Source: Santiment
This trend suggests that SHIB is approaching a potential local bottom. If MVRV starts to recover, it could indicate an accumulation phase, laying the foundation for a future price rebound.
Whales dominate as large portfolios pile up
An analysis of the holder distribution chart reveals a steady increase in large wallet balances, especially among wallets holding 10 billion to 100 billion sips.
This category of investors, often called whales, actively accumulated during the SHIB price decline.
SHIB Supply Distribution
Source: Santiment
In contrast, small portfolios holding $100 million to $1 billion have remained stable, indicating minimal activity from individual investors. This difference underscores the confidence of large holders, who are positioning themselves for long-term gains.
Shiba Inu price holds critical support levels
AMBCrypto price chart analysis shows Shiba Inu trading at $0.00002149. This level is below the 50-day moving average (MA) of $0.00002542 but above the 200-day MA of $0.00001873.
Also, this situation reflects a short-term bearish momentum but a relatively stable long-term trend.
Shiba Inu Price Trend
Source: TradingView
The Relative Strength Index (RSI) is currently at 36.02, approaching the oversold zone. This suggests that selling pressure may be approaching exhaustion, which could attract buyers at lower levels.
SHIB has established strong support at $0.00002000, in line with the 200-day MA, while immediate resistance lies at $0.00002542. A break above the resistance could ignite bullish momentum.
SHIB Predictions
The convergence of technical and oscillator metrics suggests that Shiba Inu is in an accumulation phase. The low selling pressure highlighted by the MVRV ratio indicates limited downside risks, while the whale accumulation reflects confidence in SHIB’s long-term potential.
Support at $0.00002000 provides a stable base, and a break above $0.00002542 could signal the start of a recovery.
While the short-term outlook remains uncertain, these indicators point to a symbolic consolidation and preparation for the next price phase.
