Cryptocurrency Shiba Inu (SHIB) experienced a short-term rise that was quickly followed by a decline. Recent data indicates weakening interest from large asset holders.
Brief Rally and Price Decline
This week, Shiba Inu showed a rise of 3.18%, reaching the level of $0.00001492, but soon lost 1.9% by the end of the trading day. This growth was marked by an increase in trading volume, but the sustainability of this rise was undermined as traders quickly moved to take profits.
Technical Levels and Whale Behavior
Over 25.74 trillion SHIB is concentrated in the price range of $0.000014 to $0.000015, creating complex conditions for future price movements. The activity of large wallets indicates a sharp decline in their interest: the netflows for large holders dropped by 311%. At the same time, the number of active addresses has fallen by 68% since December, indicating a decrease in network activity.
Market Outlook and Tensions
In light of recent changes, Shiba Inu may face further challenges. Analyst forecasts are mixed: some point to potential consolidation patterns, while others emphasize deteriorating fundamentals, such as a lack of developments and weak DeFi presence. The influence of the overall market should not be underestimated, as competition and low institutional interest create additional pressure on the asset.
Shiba Inu remains under pressure due to negative behavior from large holders and a decrease in active users. In the absence of significant positive changes or news, the outlook for the cryptocurrency remains uncertain.
