Shiba Inu’s Realized Volatility Plummets to Record Low Against Dogecoin as Whale Transfers 7 Trillion Tokens
SHIB volatility hits unprecedented lows while whale activity spikes—raising eyebrows across crypto markets.
The 7 trillion token movement signals either massive accumulation or preparation for a major market play.
Dogecoin maintains its dominance as SHIB's volatility craters, creating the widest stability gap ever recorded between the meme rivals.
Traders watch nervously as large holders reposition—because nothing says 'stable investment' like a token named after a dog breed.
In the past 24 hours, SHIB's dollar-denominated price has gained over 2%. According to CoinDesk analytics, the token achieved a notable technical breakthrough, reaching an intraday peak of $0.000013584 at 22:00 on Sept. 17, underpinned by extraordinary trading volumes of 2.08 trillion tokens.
Notably, critical resistance materialized around the $0.000013584 threshold, where price action reversed amid heightened volume, whilst robust support established itself NEAR $0.000012882, delineating a trading corridor of $0.000007020 or 5%.
Amid this, whale activity intensified, with over 7 trillion tokens moved on-chain on Saturday, including 512 billion SHIB transferred from Kraken to undisclosed addresses.
Key technical insights
- Price Parameters: The token traded between $0.000012882 support and $0.000013584 resistance, establishing a $0.000007020 trading range representing 5% volatility.
- Volume Assessment: Exceptional volume surge of 2.08 trillion tokens during the 18:00 hour substantially exceeded the 24-hour average of 533.5 billion tokens.
- Support and Resistance Levels: Robust support materialised near $0.000012882, while key resistance emerged at the $0.000013584 level, where the price reversed amid elevated volume.
- Consolidation Framework: The final hours demonstrated tight consolidation between $0.000013323 and $0.000013373, suggesting potential accumulation preceding the next directional movement.
- Volume Characteristics: Heightened activity during resistance tests with a 7.55 billion token surge at 11:40, followed by diminished volume of 187 million tokens in the concluding minutes.
SHIB at record lows against DOGE
The Binance-listed SHIB-DOGE pair, which represents SHIB's price relative to DOGE, has dropped to 0.0000472, the lowest since the exchange listed the pair in November 2021.
The pair has recently dived out of a sideways pattern, marking a continuation of the prolonged downtrend from March 2024 highs. The outlook for SHIB relative to Doge will remain bearish while the downtrend remains intact.
