Shiba Inu displays signs of resilience despite a 60% drop in local peaks, and the behavior of large holders indicates that they do not yet intend to abandon the ship. A complex but prudently optimistic image is presented by the most recent price graphics and the chain data. From the point of view of the structure of the market, Shib is currently negotiating a little more than 0.0000134, with the 200-day MA still above and the MA resistance of 100 days.
The asset has successfully recovered from its April in April and currently tests important technical areas even if the price is still in a wider decrease. With an RSI of 56, the market is neither overbuilded nor occurring, consolidating only energy. Due to the activity of chain whales, this drop is more optimistic than it seems. The entries of major holders increased by 24.14% in the last 90 days, with a recent increase of 8.78% last week, according to Intotheblock. This indicates accumulation rather than departure.
Conversely, the outings fell 62.6% last month and almost 48% last week, suggesting that the whales remain in place and perhaps move their positions instead of selling. The data on the distribution of addresses support it. The sampled portfolios which contain between $ 100,000 and $ 10 million increased by + 16.2% and + 6.45%, respectively. This group tends to accumulate in forecasting gains in the longer term; They are not tourists.
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A redistribution of chips to higher or long -term level holders is suggested by the slight drop in addresses, with 100 to 1 billion sombrages, which reflect the change in the behavior of holders. This frequently signals the start of a stabilization phase and the conclusion of speculative turbulence. In summary, the decrease in price of shibs does not fully explain the situation.
Whales are strategically positioning themselves, and not bailout. A medium -term reversal becomes more likely as long as SHIB exceeds 0.0000146 and maintains the support nearly $ 0.0000128. Before assuming takeoff, awaiting confirmation of the volume, but the data from the whales indicate that this piece of memes always goes strong.
