Shiba Inu Whale Outflows Surge 114.35% in 90 Days Amid Market Uncertainty

Shiba Inu (SHIB) is currently experiencing a complex market environment, with whale activity and price resistance levels presenting conflicting signals. Over the past 90 days, large holder outflows for SHIB have surged by 114.35%, indicating that whales may be repositioning their assets in response to market uncertainty. This significant increase in outflows suggests a potential shift in market sentiment, as whales often move their holdings in anticipation of market changes.

However, the 30-day trend paints a different picture, showing a 44.61% decline in outflows. Additionally, the seven-day metric reveals a 47.55% increase in outflows, implying that recent whale activity is more reactive rather than part of a longer accumulation trend. This inconsistency in flow patterns reflects uncertainty rather than conviction among large holders. Monitoring whale wallet behavior remains crucial, especially if the price fails to break above key resistance levels.

SHIB is currently priced at $0.00001166, with a slight 0.62% gain in the last 24 hours. Despite this uptick, the 24-hour trading volume has dropped by 36.36% to $106.5 million. This decline in volume signals falling buying interest, which could undercut price stability if retail support weakens. SHIB remains under key resistance from the 50-day and 100-day exponential moving averages (EMAs), which have capped upward momentum in recent weeks. The nearest resistance zone is $0.0000128, a level at which the price has repeatedly been rejected. Until SHIB breaks above this threshold, its upside potential appears limited.

The Relative Strength Index (RSI) for SHIB is at 43, still below the neutral 50 mark. This reflects weak bullish control and limited price momentum. On the downside, support holds firm near $0.0000100, a zone where the price has stabilized in previous pullbacks. SHIB’s market cap is currently $6.87 billion, ranking it #19 among cryptocurrencies, with a circulating supply of 589.24 trillion tokens. While retail demand has helped maintain price levels, continued drops in volume could erode that support.

In summary, the recent surge in whale outflows and the price resistance levels present a challenging environment for SHIB. The conflicting signals from whale activity and the lack of substantial volume support raise concerns about the sustainability of the current rally. Investors should closely monitor whale wallet behavior and price movements, as these factors will be crucial in determining the future direction of SHIB. The outcome hinges on SHIB's ability to break above key resistance levels with significant volume, which could propel the cryptocurrency to higher price points. However, a failure to overcome these resistance levels could result in a retest of lower support ranges. Smart investors are adopting a cautious approach, waiting for confirmation before making any significant moves.