SHIB Price Faces Bearish Pressure Despite Massive Whale Accumulation

Quick Take

• SHIB currently trading with bearish momentum following a -2.85% decline in 24h
• Shiba Inu’s RSI at 44.68 indicates neutral territory but momentum indicators show weakness
• Massive whale accumulation of 4.66 trillion SHIB worth $64 million provides underlying support

What’s Driving Shiba Inu Price Today?

The most recent developments paint a complex picture for SHIB price action. Yesterday’s whale accumulation data revealed that large holders transferred 359.6 billion SHIB into cold storage, signaling long-term confidence. However, this positive development is being overshadowed by a dramatic 98.89% decline in the token’s burn rate, raising serious questions about the sustainability of Shiba Inu’s deflationary tokenomics.

The technical landscape became increasingly challenging as SHIB’s price action remained confined between $0.000011 and $0.000013, with the Awesome Oscillator turning negative. This technical deterioration suggests that despite whale interest, broader market sentiment remains cautious.

The most significant positive catalyst emerged over the weekend when whale investors accumulated approximately 4.66 trillion SHIB around the $0.00001317 level. This massive accumulation helped absorb selling pressure and prevented what could have been a deeper decline following the 12-21% price drop. Additionally, SHIB exchange reserves hit yearly lows at $1.05 billion, down from nearly $4.77 billion in late 2024, indicating a broader trend of investors moving tokens to private wallets for long-term holding.

SHIB Technical Analysis: Bearish Signals Emerge

The current Shiba Inu technical analysis reveals a concerning shift in momentum despite the underlying accumulation trends. SHIB’s RSI reading of 44.68 places the token in neutral territory, but the broader momentum picture tells a different story.

The MACD histogram shows bearish momentum for SHIB, with both the MACD line and signal line in negative territory. This bearish divergence suggests that selling pressure is building despite the recent whale accumulation. The Stochastic oscillator confirms this weakness, with the %K at 26.19 and %D at 35.06, indicating oversold conditions that haven’t yet translated into a meaningful bounce.

Shiba Inu’s position within the Bollinger Bands provides additional insight, with the %B position at 0.1956 showing SHIB trading near the lower band support. This positioning often indicates either oversold conditions ripe for a bounce or the beginning of a more significant downtrend.

Shiba Inu Price Levels: Key Support and Resistance

Based on Binance spot market data, SHIB resistance levels remain firmly established above current trading ranges. The immediate challenge for bulls lies in reclaiming the $0.000013 level, which has acted as a ceiling in recent sessions.

Shiba Inu support levels are being tested around the $0.000011 mark, where significant whale accumulation occurred. This level represents a critical juncture – a break below could open the door to further downside, while a successful defense could set the stage for a relief rally.

The narrow trading range between these levels has compressed volatility, as evidenced by the current ATR reading. This compression often precedes significant directional moves, making the next break particularly important for SHIB/USDT traders.

Should You Buy SHIB Now? Risk-Reward Analysis

For short-term traders, the current setup presents a challenging environment. The bearish technical indicators suggest waiting for either a clear break above SHIB resistance or a successful test and bounce from key support levels. The declining burn rate adds fundamental headwinds that could limit upside potential.

Long-term investors might find the current whale accumulation patterns encouraging, particularly given the reduction in exchange reserves. However, the sustainability of SHIB price without an active burn mechanism remains questionable. Conservative investors should consider dollar-cost averaging rather than aggressive accumulation at current levels.

Risk management becomes crucial in this environment. Stop-losses below the $0.000011 support level make sense for those holding positions, while new entries should wait for clearer directional signals from both technical and fundamental perspectives.

Conclusion

SHIB price faces a critical juncture as conflicting signals create uncertainty in the near term. While massive whale accumulation provides a foundation of support, the combination of bearish technical indicators and declining burn rates suggests caution is warranted. Traders should watch for a decisive break of the current $0.000011-$0.000013 range to determine the next directional move. The resolution of this compression could determine whether SHIB can capitalize on the whale interest or succumb to broader technical weakness over the next 24-48 hours.

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