SHIB Price Stabilizes as Whales Pause Accumulation
Shiba Inu(SHIB) has dropped 10% in price over the past seven days, but it remains the second-largest memecoin on the market, behind Dogecoin. Despite the recent pullback, SHIB’s relative strength index has been climbing steadily, indicating improving buying momentum and a potential shift in market sentiment.
Whale activity has stabilized after a brief dip, suggesting both accumulation and distribution have been paused, which could lead to short-term price consolidation. With SHIB trading within a defined range, a break above key resistance could open the door to a 29.5% upside.
Shiba Inu RSI is currently neutral but is rising
Shiba Inu The relative strength index (RSI) currently stands at 52.6, up sharply from 41 two days ago. The increase reflects a significant shift in market sentiment, with buying momentum building after a period of relative weakness.
The RSI is currently in the neutral zone, indicating that neither buyers nor sellers have overwhelming control. However, an upward move suggests that market conditions are improving. SHIB price In the short term.
The RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale from 0 to 100. Values above 70 indicate overbought conditions, which may lead to a price correction, while values below 30 indicate oversold conditions, which typically precede a rebound.
and Shiba Inu With an RSI of 52.6, the coin is in a balanced range, providing room for further gains if buying pressure continues to increase. However, a neutral RSI also means that prices are likely to stabilize unless there are strong catalysts that push momentum in either direction.
SHIB whale numbers now stable after 3 days of decline
The number of addresses holding at least 1 billion SHIB increased from 10,861 to 10,930 between December 14 and 19, indicating a significant accumulation of large holders during this period.
The growth signals increased confidence SHIB From major investors, or “whales,” who often play a significant role in driving market trends due to the size of their holdings. This accumulation can indicate bullish sentiment and support price stability or upward momentum.
However, after peaking at 10,930 on December 19, the number of SHIB whale addresses began to decline, stabilizing at 10,875 in the past two days. The recent stabilization suggests a pause in both accumulation and distribution, suggesting whales may be waiting for clearer market signals before taking further action.
In the short term, this may mean Shiba Inu Price Possible merging as lack of large whale activity may reduce volatility and momentum in either direction.
SHIB Price Forecast: Potential Rise of 29.5%
SHIB price It is currently trading within a tight range, with resistance at $0.000024 and support at $0.00002259 defining its immediate borders.
If the $0.00002259 support level fails to hold, the second-largest meme token on the market could face further downward pressure, possibly falling to $0.00001985.
On the contrary, if SHIB price A break above the $0.000024 resistance is likely to gain upward momentum and test the next $0.000026 level.
If this level is exceeded, the price could continue to climb towards $0.0000298, representing a potential gain of 29.5%.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
