Shiba Inu Tumbles—But Whale Moves and Diamond Hands Signal Imminent Comeback
Shiba Inu's price takes a nosedive—just another Tuesday in crypto. But don't dump your bags yet.
Whales are circling
Big-money players are gobbling up SHIB at discount prices. When they move, markets follow—usually upward.
HODLers dig in
The meme coin's loyal base isn't flinching. Their wallets are locked tighter than a banker's grip on legacy finance.
Recovery ahead?
History says yes. Every SHIB slump this deep has bounced back harder than a VC's checkbook after a token launch.
Just remember: in crypto, 'fundamentals' are what whales say they are today. Tomorrow? Could be dog memes again.
SHIB Whales and Retail Traders Bet on a Bounce
Readings from the SHIB/USD one-day chart show that the meme coin has steadily declined since it broke below its ascending parallel pattern on July 28. This breakdown signals a loss of bullish strength and suggests that selling pressure has overwhelmed the market.
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However, some traders see this decline as a buying opportunity. On-chain data from Nansen shows that whale addresses holding over $1 million worth of SHIB have been quietly accumulating during the downturn. Per the data provider, this cohort of large investors has increased their holdings by 4% in the past seven days.
The increase in whale accumulation suggests growing confidence in SHIB’s long-term value, even as its price struggles amid market volatility.
Moreover, an increase in whale activity usually spurs retail traders to follow suit, which is exactly what is happening. According to data from IntoTheBlock, the count of short-term holders extending their holding time has climbed by a modest 1% in the past seven days.
This signals increasing bullish conviction among investors who have held their coins for less than 30 days. It also improves SHIB’s short-term outlook because these holders are more reactive to price changes.
So, if this group is now choosing to hold rather than sell, it bodes well for SHIB’s price stability and near-term recovery.
Shiba Inu Bulls Aim for Breakout, But Bears Are Lurking
At press time, SHIB trades at $0.00001235. If whale accumulation continues and retail holders maintain their conviction, the meme coin could rebound toward the $0.00001362 resistance level in the short term.
Conversely, if bearish sentiment intensifies and profit-taking picks up again, SHIB risks extending its decline, potentially dropping toward $0.00001160.
