Shiba Inu (SHIB) is struggling in the market as recent data reveals a sharp decline in whale activity. On-chain metrics show that large-holder inflows have plummeted by 85% in just one week, signaling a drastic loss of investor confidence. This unexpected decline in whale accumulation casts doubt on SHIB’s ability to recover anytime soon.
Institutional Interest Fades
Large holders have historically played a crucial role in SHIB’s price movements. However, their accumulation has slowed considerably. Over the last 30 days, whale inflows dropped by 32%, and over the last 90 days, they fell by 80%. With both institutional and large retail investors losing interest, SHIB appears to be weakening as a speculative asset.
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Despite declining accumulation, large-holder withdrawals continue to fluctuate. Over the past 30 days, withdrawals surged by 69%, suggesting that investors are offloading their holdings. This imbalance between buying and selling pressure could push SHIB’s price lower if whale demand does not rebound.
Technical Indicators Signal Further Weakness
SHIB remains under pressure, as its price struggles to break above key resistance levels. The 26-day Exponential Moving Average (EMA) acts as a strong resistance point, preventing any significant recovery. If SHIB fails to regain higher price levels, further downside may follow, with the next major support zone positioned much lower.
SHIB/USDT Chart by TradingView
Meanwhile, the Relative Strength Index (RSI) remains in a neutral range. However, without strong buying momentum, another leg down remains highly possible. SHIB faces a challenging road ahead.
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Weak technical indicators and declining whale interest suggest continued struggles for the meme coin. A reversal in SHIB’s downward trend would require a resurgence in large-holder accumulation and a clear breakout above key resistance levels.
Until then, the outlook remains uncertain, and the risk of further price erosion remains a significant concern.
