Shiba Inu Faces Possible Downside Amid Sharp Drop in Large Transaction Volume and Price Resistance

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.