Shiba Inu Faces Possible Downside Amid Sharp Drop in Large Transaction Volume and Price Resistance
2025-07-15 13:51:44
Main Idea
Shiba Inu's sharp decline in large transaction volume and resistance at the 200-day EMA indicate potential price instability and challenges in maintaining upward momentum.
Key Points
1. Shiba Inu's large transaction volume has dropped by 50%, signaling potential volatility and downward price pressure.
2. The 200-day EMA has acted as a strong resistance level, hindering recovery efforts despite brief rallies above the 50-day and 100-day EMAs.
3. A previous drop in whale activity preceded a 30% decline in market value, suggesting a correlation between whale transactions and market capitalization trends.
4. SHIB is currently holding at the $0.000013 support level, but without increased whale activity, prices may drop further to $0.000012 or $0.000011.
5. For SHIB to stabilize or reverse its downward trend, it needs to sustain levels above the 200-day EMA, indicating renewed institutional interest.
Description
Shiba Inu (SHIB) has experienced a significant 50% decline in large transaction volume, signaling potential bearish trends in the market. This sharp decrease from six trillion to 3.65 trillion tokens
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