Shiba Inu Drops 3.801% Amid Whale Activity, Resistance Levels

Shiba Inu's latest price was $0.00001568, down 3.801% in the last 24 hours. This decline comes amidst significant activity among major holders, with a notable increase in whale-related transactions. Over the past month, there has been a 280% surge in whale-related activity, indicating aggressive accumulation by major players. This trend suggests that some whales may be rotating out or halting new purchases as the asset approaches crucial resistance levels. The seven-day change in large holder inflow has fallen by 86%, and outflows have increased by 234.56% during the same period, which supports the theory that profit-taking may have started. The 200-day Exponential Moving Average (EMA) serves as a significant resistance level, and SHIB's inability to break above it with conviction has stalled its midterm rally. The asset's impressive run has been cut short by this level, which still acts as a barrier. An additional upward leg may be postponed unless volume returns, as the inability to maintain above this trend-defining indicator raises the possibility that momentum is stalling. Technically, SHIB's price reached its highest point on May 12 before heading back to its current levels. Volume has started to decrease after the spike that accompanied the initial breakout, and the Relative Strength Index (RSI) displays a slight bearish divergence. SHIB is currently in a precarious position, with the potential for higher targets if bulls can push the price decisively above the 200 EMA while maintaining volume. Otherwise, there is a greater chance of a correction down to support levels. The crucial question for Shiba Inu's next chapter is whether these whales are quietly leaving or preparing for another rally.

In a recent transaction, a wallet that usually does not receive many transactions got 612.3 billion SHIB in a single transfer. The tokens were sent to address "0x72," which now has a significant SHIB balance, along with other tokens like PEPE and DAI. The total wallet value is substantial. The flow of funds indicates that Shiba Inu (SHIB) came from "0xAD74." That wallet had received the tokens earlier from "0xBf9," which originally got them from a Binance hot wallet. So the tokens moved off the exchange went through two addresses and ended up where they are now. This was not a sudden move. The receiving wallet has been growing its position a bit over the past few months. Earlier transactions show steady inflows of SHIB, as well as large amounts of PEPE and nearly five million DAI. There have not been any SHIB transfers out of the wallet yet, which suggests that it is more of a long-term holding strategy than a short-term trading move. The way these funds have moved—off the exchange, through middle wallets, and into a holding address that is pretty quiet—makes it look like part of a bigger accumulation strategy. The activity does not suggest any quick flips or speculative moves. It looks like the wallet's owner has been slowly moving over time. Shiba Inu often sees fast, high-volume trades, but this kind of slow and quiet buildup is worth watching, especially when it is coming from a wallet now holding one of the larger SHIB stacks on-chain.

Shiba Inu has been the subject of various discussions and analyses, with some suggesting that the meme coin could be on the brink of a new season. Meme seasons have historically needed a major positive catalyst to get running. In late 2024, it was the election of pro-crypto US Presidential candidate Donald Trump. In early 2024, it was the success of the spot Bitcoin ETFs and the surge to new record highs for the BTC price. Throughout 2021, it was the Fed and the US government’s extensive easing policies of zero interest rates, QE, stimulus cheques, and large deficit spending. An easing of tariff tensions, combined with a return of economic optimism, coupled with Fed rate cuts through the end of 2025, could lift the markets enough to push the Shiba Inu price back to multi-year highs. That said, it would probably require 2021-level fiscal/monetary policy conditions for Shiba Inu to 5x or more from current levels, and those kinds of policies have only historically been enacted to address a major economic crisis. Perhaps the US economy, weighed by recent trade uncertainty, persistently high interest rates and a bloated Federal debt repayment burden, could yet slide into recession this year, triggering such a policy response. In that case, the Shiba Inu price would likely see a substantial decline before recovering. Meme coin investors would be wise to continue dollar-cost averaging into major tokens like Shiba Inu in anticipation that higher prices will eventually come.