Gözde Altcoin Shiba Inu (SHIB) gives signals of recovery after the harsh decline in recent years. Although the price has fallen by 60 percent from the local peak point, especially the purchases of large investors (whales) draw attention. Technical indicators and in -chain data suggest that there is a strategic accumulation process behind the decline. Although Shib remains uncertain for the short term for investors, the medium term appearance is promising.
What do the technical indicators say for Shiba Inu?
Shiba Inu is currently traded above $ 0.0000134, which continues to remain under the 200 -day moving average (MA). The 100 -day MA is the largest technical resistance in front of the upward movement. These indicators show that the current price movement has not yet shown a full rise trend, but the fluctuation on important thresholds continues.
Recovery from the bottom levels in April ShibIt reveals the powerful structure of ‘. The relative power index (RSI) is 56. RSI indicator for now altcoinIt indicates that it is neither in excessive intake nor in excessive sale, that is, it collects energy during the consolidation process. This appearance may be preparing the floor of the next major movement in terms of technical analysis.
Beyond the price movement, although the purchase-sale volumes have not yet specified a clear direction, the signs that large investors have accumulated quietly are very strong. In particular, a strong support of around 0.0000128 dollars and exceeding $ 0.0000146 above can open the door of a medium -term trend return.
The silent accumulation of whales in Altcoin gives rise signal
According to Intothheblock data, the purchases of wallets, which invest in a large amount of Shıb, increased by 24.14 percent in the last 90 days. These investors’ purchases only last week are 8.78 percent. On the other hand, the rate of large investors who exit has decreased by 62.6 percent in the last month and 48 percent in the last week. This picture shows that large investors do not escape from Shıb, but on the contrary, strengthening their positions.
The wallet distribution supports this view. Between 100 thousand dollars and 10 million dollars Shib Coin The addressing addresses increased by 16.2 percent and 6.45 percent. Investors in this group are serious players who chase long -term potential rather than tourists entering the market for short -term earnings.
On the other hand, the slight decrease in the number of addresses that hold 100 million to 1 billion SHIB shows the redistribution of assets among stronger hands. Such a mobility often indicates that price stability starts and short -term speculative fluctuations are reduced. All these developments point to a cautious but positive future scenario for Shıb.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
