SHIB Whale Collapse: Is Shiba Inu Headed for a Major Breakdown?

SHIB Whale Collapse: Big Investors Exit as Accumulation Fades

Shiba Inu continues to struggle on the market as new evidence indicates a dramatic decline in whale activity. According to the latest on-chain data, large-holder inflows have dropped by an incredible 85% in the past week, indicating a sharp decline in investor confidence. SHIB’s chances of a speedy comeback are called into question by this unexpected drop in whale accumulation.

Historically, one of the primary variables affecting SHIB’s price swings has been the involvement of large holders. Given the declining interest from major retail investors as well as institutional investors, SHIB seems to be losing favor as a speculative asset.

SHIB’s Technical Weakness Signals a Potential Breakdown

Large-holder withdrawals, on the other hand, have been erratic and have increased by 69% in the last 30 days. Despite the fact that some investors are exiting their positions, this discrepancy suggests that there is not sufficient buying pressure to counteract the sell-off. Without a rise in whale demand, SHIB may continue to decline.

Moreover, SHIB’s price action is still under technical pressure. Even though the asset is currently trading near a critical support level, its inability to break through important resistance levels is still preventing any meaningful recovery.

The 26-day Exponential Moving Average is acting as a strong resistance level, holding SHIB below important breakout levels. If higher price levels are not recovered, there may be more decline because the next significant support zone is significantly lower. Even though the Relative Strength Index (RSI) is still in a neutral range, if there isn’t any strong buying pressure, there is still a good probability that the market may drop further.

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