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On-chain data shows a noticeable change in investor behavior, which has put a lot of pressure on the Shiba Inu recently. As can be seen from the provided chart, the price has had difficulty maintaining its upward momentum and is currently trading around $0.00002413. Great behaviour Gray Owners is where the real story is.
Addresses between 10 million and 100 million Gray The tokens have declined significantly, according to on-chain metrics showing a 20% decline over the period studied. In the same way, portfolios containing $10,000 to $1 million in SHIB declined 16 to 22 percent. This pattern highlights clear selling among high value holders, which may indicate declining confidence in the asset or profit taking calculated at the current price.
In contrast, addresses containing $1 to $1,000 Gray They have risen by 7% to 25%, indicating that small individual investors will take over. The discrepancy between whale exits and retail accumulation raises questions about market stability although it indicates continued retail interest.
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Trading volume remains low, adding to the bearish signals and indicating a lack of enthusiasm in the market as a whole. There is hesitation among traders as the Relative Strength Index (RSI) is still close to the neutral 50 level. This makes it more difficult for SHIB to exceed its current range when combined with low volume. Future critical resistance is located at $0.00002555, which is the area where whale activity has been concentrated in the past.
The price may move towards the important support at $0.00002200 if Gray Unable to recover this level. A sustainable recovery will likely require a significant uptick in trading activity coupled with renewed interest from institutional and large-cap investors. Current whale sales are warning Shiba Inus to be careful.
Although there is still interest in the retail sector, SHIB's path in the coming weeks will depend on how much the broader market can withstand this sell-off. For greater clarity, investors should closely monitor important volume levels and price thresholds.
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