Shiba Inu Drops 0.51% Amid Whale Activity Uncertainty

Shiba Inu's latest price was $0.00001162, down 0.508% in the last 24 hours. The cryptocurrency has been experiencing significant whale activity, with large holder outflows surging by 114.35% over the past 90 days. This increase suggests that whales may be repositioning their assets in response to market uncertainty. However, the 30-day trend shows a 44.61% decline in outflows, while the seven-day metric saw a 47.55% increase, indicating that recent whale activity is more reactive than part of a longer accumulation trend. Analysts note that this inconsistency in flow patterns reflects uncertainty rather than conviction, making it crucial to monitor whale wallet behavior, especially if the price fails to break above resistance levels.

Shiba Inu is currently facing resistance from key technical barriers, including the 50-day and 100-day exponential moving averages (EMAs). These barriers have capped upward momentum in recent weeks, with the nearest resistance zone at a level where the price has repeatedly been rejected. The Relative Strength Index (RSI) for SHIB is at 43, below the neutral 50 mark, reflecting weak bullish control and limited price momentum. Support holds firm near a zone where the price has stabilized in previous pullbacks, but continued drops in volume could erode retail support.

Shiba Inu has garnered attention due to a bold prediction that has excited the community. According to TheCryptoBasic, if SHIB reaches a price of $0.0007, a small $1,000 investment today could be worth as much as $60,449. This prediction has sparked optimism among SHIB holders, despite the meme coin struggling over the past month with a 20% drop. Recent attempts to recover have stalled just below a certain mark, highlighting the challenges SHIB faces in breaking through resistance levels.

Shiba Inu is encountering strong resistance from holders who bought at higher levels. Around 88,650 wallets are holding over 65 trillion SHIB between certain price ranges, with even more pressure from 175,560 wallets holding a massive 523 trillion tokens between other price ranges. Despite these challenges, many SHIB holders remain optimistic, with long-term predictions suggesting that SHIB could reach $0.0007. However, this would require a massive price jump of nearly 6,000% from current levels and a drastic reduction in circulating supply, from 589 trillion to around 10 trillion tokens.

If SHIB were to reach $0.0007 without a major supply cut, it would be worth more than $412 billion in total market cap, surpassing Ethereum's current market cap. Most analysts agree that supply reduction is key to making this target realistic. Until then, holders will have to wait and see if the meme coin can deliver on its big dreams. Experts disagree on the timeline for SHIB to reach $0.0007, with predictions ranging from 2030 to 2039. Changelly predicts it could happen sometime between 2035 and 2039, while Telegaon suggests it might occur as early as 2030.