Shiba Inu Whale Activity Increases Amid Key Price Levels, Potential for Significant Market Moves

Key Points

1. Shiba Inu whales now control a significant portion of the supply, with 46 addresses holding over 12% of the total, and a 538% increase in whale inflows over the past week.

2. SHIB faces strong resistance at the 200-day moving average near $0.0000145, with recent attempts to break above this level being rejected, pushing prices back below $0.0000135.

3. The $0.0000120-$0.0000123 range has acted as a robust support zone in June, while reclaiming levels above $0.0000145 could trigger a short squeeze, potentially driving SHIB toward $0.0000200.

4. Whale movements introduce heightened volatility, with large holders actively managing inflows and outflows, making key price thresholds critical for SHIB's short-term direction.

5. Market sentiment remains uncertain, with whale activity and technical levels being key indicators for SHIB's near-term price action.