Shiba Inu (SHIB) enters a crucial stage as data shows an increase in whale control over the token's supply. With the current concentration among high-activity addresses, significant price fluctuations are anticipated.
Analysis of Address Concentration
Recent statistics reveal that just 46 high-activity addresses currently hold over 120 trillion SHIB tokens, accounting for approximately 12.3% of the total circulating supply. This concentration typically indicates forthcoming significant price changes.
Technical Price Analysis
Currently, SHIB has struggled to break free from a long-term downward trend. The token has consistently failed to surpass its 200-day moving average, which is around $0.0000145. Following a brief rally, SHIB slipped back below $0.0000135, highlighting selling pressure from market participants.
Risks and Key Price Levels
Within the current volatile environment, the risk of abrupt price shifts looms. For traders, the critical levels are within the $0.0000120-$0.0000123 range that provided significant support in June. A break below this area could signal the start of a more substantial correction toward $0.0000100. Conversely, holding above $0.0000145 may lead to a test of the psychologically significant $0.0000200 mark.
The analysis of current data on Shiba Inu indicates substantial shifts in the control over token supply. Traders' attention should remain focused on key levels and potential price movements in the near future.
