Recent weeks have seen significant price fluctuations in the crypto market, particularly for Shiba Inu and PI Coin. We will examine the current trends and overall situation.
Shiba Inu Price Drop and Whale Response
The **Shiba Inu (SHIB)** price today dropped below $0.00001, hitting $0.0000098—the lowest level since early 2024. However, in response to this dip, large investors (whales) bought 874 billion tokens, which may signal long-term confidence in the token's future.
PI Coin Dynamics and Support Levels
The **PI Coin** price has also shown weakness, falling 14% below the key support at $0.70, now sitting near $0.58. The first support level is now set at $0.54. However, some indicators are showing signs of a possible recovery, which could lead to price increases.
Market State Conclusions
The overall state of the crypto market remains unstable. Price drops for SHIB and PI Coin indicate fluctuations in trader confidence. The appearance of whales in the market for SHIB may signal a potential reversal, while PI Coin faces pressure and uncertainty.
The sentiment in the cryptocurrency market continues to be volatile, with price declines and ambiguous signals from major players. It is important to monitor further developments.
