Whale Holdings Decrease in December, Shiba Inu (SHIB) Faces Uncertainty 🔥🔥🔥

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In short:

Price Dynamics of Shiba Inu (SHIB)

The price of Shiba Inu (SHIB) surged by 162% in 2024 but is currently in a consolidation phase, having only increased by 2% in the past seven days. The RSI is at 46.45, indicating a neutral position, showing that buyers and sellers are evenly matched.

SHIB must maintain support at $0.0000266, or it may drop to $0.0000241; if it breaks the resistance at $0.0000297, there is a potential upside of 22%.

Decrease in Whale Activity

In December, whale holdings declined, reflecting a decrease in confidence among large holders or profit-taking. The reduction in whale activity may put downward pressure on the SHIB price.

RSI Remains Neutral

The RSI of SHIB has remained at a neutral level of 46.45 since December 10, indicating that the market is in a balanced state, and the price may maintain a range of fluctuations in the short term.

Price Prediction

SHIB's price is currently holding support around $0.0000266; if it breaks below, it may drop to $0.0000241; if it breaks above $0.0000297, it could further rise to $0.000033, with an upside potential of 22%.

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