Hush, my friend, for the Shiba Inu (SHIB) world has turned quiet. The whales, those elusive large holders, have gone off the radar, leaving behind a trail of pale transaction volumes.
These large transaction volumes, often the talk of the town, have dropped by a staggering 24% in just 24 hours! From 2.82 trillion SHIB to 2.08 trillion SHIB, it’s the lowest it’s been in seven days, as IntoTheBlock reports.
This hush-hush situation has coincided with SHIB’s price, which has been playing hide-and-seek below its key moving averages. The whales’ silence has left Shiba Inu in a cautious trading range, with no significant movements or strong buying pressure in sight.
What does the future hold for Shiba Inu?
As we speak, Shiba Inu has inched up by 0.67% to $0.00001668, following a slight rebound in Friday’s session. But, my dear reader, the market is as still as a sleeping dog, leaving everyone in anticipation.
Altcoins, including our beloved SHIB, have been on a leash, while Bitcoin wags its tail slightly due to recent ETF optimism. And, oh, the retail sales data in the United States missed the mark, giving hope for Federal Reserve rate reductions in the first half of the year.
So, keep your eyes peeled for a break over the daily moving averages of 50 and 200. That’s when the Shiba Inu might escape its range and show some real spirit. But, alas, if the price takes a tumble, support is expected at $0.0000116.
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2025-02-15 13:56