Shiba Inu Price May Face Further Pressure from Whale Selling Trends

• SHIB price breach: The token fell below its 8-month range, facing resistance at former lows.

• Whale behavior signals ongoing distribution, with declining supply held by top addresses.

• Burn rates rose 139% weekly, but daily drops and market sentiment add downward pressure, per on-chain data from Santiment.

Explore the latest Shiba Inu price trend as bearish signals dominate. Learn about whale movements and recovery prospects for SHIB investors today.

What is the current Shiba Inu price trend?

Shiba Inu price trend remains bearish, with SHIB dropping below an 8-month range low during the October market correction. At the time of writing, prices hover near $0.0000093, struggling against resistance from the prior range low, while broader memecoin sentiment, including Dogecoin’s pressure, exacerbates the decline. Short-term consolidation between $0.0000093 and $0.0000113 provides a brief pause, but higher timeframe momentum points downward.

What do recent whale token movements mean for Shiba Inu?

Whale transaction counts spiked after October 10, indicating large holders reacting to market volatility by moving tokens, often a precursor to sales. Dormant circulation surged on October 19 and 26, correlating with rapid declines in whale-held supply, which has trended lower since early September according to Santiment data. This pattern suggests distribution, where top addresses offload holdings, contributing to sustained selling pressure and hindering recovery efforts. Experts note that such on-chain activity typically aligns with bearish phases, as reduced whale accumulation reflects waning confidence among major players.

Source: Santiment

These on-chain indicators, including elevated dormant token flows, underscore a bearish environment where whale exits amplify downside risks. In contrast, while SHIB’s burn mechanism saw a 139% weekly increase, the past 24 hours showed a decline, tempering any bullish narrative from token scarcity efforts.

Frequently Asked Questions

Why has Shiba Inu price broken below its 8-month range?

The October market correction triggered the breach, with SHIB unable to hold the range low around $0.0000113. Combined with memecoin sector weakness, like Dogecoin nearing local supports, and on-chain selling, prices have consolidated lower, facing supply zone resistance at the former low.

How might whale distribution impact Shiba Inu recovery?

Whale distribution, evident in falling supply metrics and transaction spikes, signals ongoing selling pressure that could delay SHIB recovery. As large holders reduce positions, liquidity thins, making upward moves challenging; however, if burns accelerate and sentiment shifts, it might stabilize the token over time.

Source: SHIB/USDT on TradingView

On the 4-hour chart, the MACD confirms bearish momentum, with the mid-range level at $0.0000103 acting as a barrier during recent bounces. Although the On-Balance Volume (OBV) has formed higher lows over three weeks, suggesting underlying buying interest, the overall structure and timeframe bias lean bearish.

Key Takeaways

• Bearish Range Breach: SHIB’s drop below the 8-month range signals persistent downside, with prices testing new lows amid market-wide corrections.
• Whale Selling Pressure: Declining whale-held supply and dormant circulation spikes indicate distribution, reinforcing bearish on-chain trends from Santiment analytics.
• Potential Bullish Sparks: Higher OBV lows and 139% weekly burn increase offer glimmers of support, though recovery requires stronger sentiment shifts.

Conclusion

The Shiba Inu price trend and whale token movements paint a cautious picture for SHIB, with bearish structure dominating despite minor consolidation. As memecoin dynamics evolve, monitoring on-chain data from sources like Santiment will be key for investors. Stay informed on these developments to navigate potential volatility ahead.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely based on observed market data.