A decline in Shiba Inu's large-holder activity casts doubt on its recovery prospects.
Current SHIB Market Situation
Large-holder inflows have decreased by 85% over the last week, indicating a decline in investor confidence. In the last 30 days, whale inflows have declined by 32%, and over the last 90 days, by 80%.
Impact of Resistance Levels
Technically, SHIB remains under pressure without a significant price rise. It is currently held down by the 26-day Exponential Moving Average, acting as a resistance barrier. Without increased buying pressure, further price decreases are possible.
Future Challenges and Prospects
To potentially rise, SHIB needs renewed large-holder interest and a breakthrough above significant resistance levels. Until then, its outlook remains unclear, and continued price decline may ensue.
SHIB is facing challenges due to declining interest from large investors. Without a change in dynamics, its future trajectory may remain under pressure.
