Can Shiba Inu SHIB Survive Whale Movement?

Despite the significant drop in prices over the past 24 hours, the Eno Shiba coin SHIB is still showing signs of optimism, and appears poised to make a strong jump in the near future.

The market is currently under tremendous selling pressure as a result of the price collapse witnessed yesterday, as Bitcoin (BTC), Ethereum (ETH), and other assets recorded sharp declines.

At the time of writing the report at 8:25 minutes GMT, the Shiba Inu SHIB coin was trading at $0.00002103, witnessing a price decrease of 3.51% over the past 24 hours, 0.52% in a week, and 34.71% in a month.

Whale movements

5 days ago, SHIB witnessed its exit from a bullish double bottom price action pattern, paving the way for a consolidation phase that lasted about 3 days.

During this period, one of the whales transferred 8.18 trillion SHIB from the Crypto Com exchange to a private wallet, with a total value of $195.1 million, at a time when the overall market was experiencing stability and upward momentum.

But with the start of US market trading, the Institute for Supply Management (ISM) published a report that led to a reversal in the market trend, which suddenly turned bearish. Under these pressures, the Shiba Inu SHIB declined by more than 14.5%, after a 3-day consolidation period.

Recent activity of whales

In the midst of this decline, data showed that many retail traders began to unload their holdings, while long-term holders consolidated their positions. Experts noted a notable increase in large transaction volumes of 2,004% over the past 24 hours, reflecting significant interest. Of whales and long-term investors.

On the other hand, analysts believe that exchanges witnessed outflows worth $7.04 million of Shiba Inu SHIB coins during the same period, which enhances the possibility that long-term investors are collecting SHIB coins at a time when their price is declining.

Optimism among traders

In addition to whales and investors, optimism among traders is also increasing, and analysts noted that the ratio of long to short positions on Shiba Inu SHIB reached 2.04, the highest ratio since the beginning of 2025, indicating a strong bullish sentiment among traders.

Currently, 67.16% of top traders hold long positions, while 32.84% hold short positions, reflecting remarkable optimism.

Technical analysis

Technically, the analysis indicates that the recent price decline has pushed the Shiba Inu SHIB coin towards a crucial horizontal support level, as well as the 200 Exponential Moving Average (EMA) on the daily time frame. This indicates a high probability of bullish momentum emerging soon.

If SHIB maintains its position above the 200-day EMA, there is a strong possibility that it will see a 80% rise to reach the $0.00003939 level in the future. However, this ascent requires time and patience.