tl;dr
Shiba Inu is experiencing a shift in its investor base, with long-term holders, or whales, reinvesting. Addresses holding SHIB for over a year have increased by 5.62%, despite the poor recent price performance. The SHIB/USDT pair is consolidating near the $0.00001200 support level, trading below key...
Shiba Inu is witnessing a shift in its investor base, as long-term holders, or whales, are reinvesting. Addresses holding SHIB for over a year have increased by 5.62%, despite the recent poor price performance. The SHIB/USDT pair is consolidating near the $0.00001200 support level, trading below key moving averages. However, higher lows on the daily chart indicate potential momentum.
Short- and medium-term investors are decreasing, while long-term holders are increasing, suggesting a shift towards patient capital. The rise in one-year holders suggests a possible imminent breakout, potentially leading to a bullish reaction and the invalidation of the current downward trend.
This resurgence of whale activity indicates renewed belief in SHIB's long-term prospects, despite short-term price pressure. The rise in one-year holders might signal an imminent breakout, particularly as SHIB forms a descending triangle. A successful break above $0.00001426 might cause a bullish reaction and invalidate the current downward trend. The resurgence of whale activity may indicate a renewed belief in SHIB's long-term prospects even though short-term price action is still under pressure. In the coming weeks, a more significant recovery might be possible if the steady accumulation keeps up.
The notion that speculative interest is waning and that more patient capital with a longer investment horizon is being left behind is supported by this divergence. When experienced investors build up during times of low volatility and negative sentiment, this kind of whale behavior frequently signals bigger market movements.