Shiba Inu’s Weekly Volume Patterns Signal Imminent Market Reset

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Shiba Inu (SHIB) is poised to enter another weekly market cycle, driven by trading volume patterns. The meme coin exhibits a recurring trend of volume spikes at the beginning of each week, followed by a gradual decline. This pattern likely indicates a reset for SHIB, aligning with its trading dynamics.

Currently, Shiba Inu is trading at $0.00002446, maintaining a position above the 50-day Exponential Moving Average (EMA). This stability above the EMA signals positive momentum for bullish investors. Notably, at this price point, 60% of SHIB holders are in profit, 4% are at breakeven, and 35% are experiencing losses. This distribution shows a strong base, with the majority in the green.

Influence Of Large Holders

Large holders, or whales, control a significant portion of SHIB tokens, holding 73% of the total supply. This concentration suggests that these major players have substantial influence over price movements. Additionally, transactions exceeding $100,000 have totaled $635.45 million over the past week, highlighting substantial activity from big-money investors.

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Overall market sentiment towards Shiba Inu remains strongly positive, as supported by both on-chain and exchange indicators. On-chain data reveals a network growth of 0.32%, indicating an influx of new participants into the SHIB ecosystem. Large transactions show a 3.95% bullish signal, reflecting significant interest from major investors.

Exchange Indicators

Exchange indicators further reinforce the positive outlook for SHIB. The smart price remains stable, while the bid-ask volume imbalance reads a slightly negative 0.53%. This balance suggests a stable flow of demand and supply in the market. The high concentration of large holders, coupled with numerous high-value transactions, underscores the bullish sentiment surrounding Shiba Inu.Shiba Inu is on the verge of another market cycle reset, characterized by its consistent weekly trading volume pattern.

With its price remaining above the 50-day EMA and a strong base of profitable holders, SHIB exhibits bullish tendencies. The significant influence of large holders and the ongoing high-value transactions further emphasize the positive market sentiment.