SHIB News: Shiba Inu Displays Persistent Momentum with Mild Recovery and Cautious Buyer Accumulation

Shiba Inu (SHIB) Price Prediction for February 25

Currently, Shiba Inu is trading at $0.00001375 after posting a modest 0.81% increase in the last 24 hours. This uptick suggests the token’s persistent momentum in a highly volatile market. Over the past few days, Shiba Inu has experienced a phase of mild recovery following minor consolidation. The recent increase shows buyers cautiously stepping in, potentially viewing this as an opportunity to accumulate SHIB at attractive levels. Immediate support for SHIB is seen around the $0.00001350 mark.

Shiba Inu: Impact of 276% Whale Activity Surge on SHIB

SHIB declined by 9.76% over the past 24 hours. Shiba Inu whales have seen a significant surge in activity, hiking by 276.92% over the past day and reaching a three-week high. This implies that whales are back in the market and actively engaged with the network. Large transactions suggest whales are either accumulating or distributing SHIB.

Shiba Inu (SHIB) Shows Mixed Signals

Shiba Inu (SHIB) has experienced a 30% monthly decline. Recently, the RSI has recovered from oversold levels, and BBTrend has turned positive, suggesting a potential shift in buying interest. However, EMA lines remain in a bearish setup, indicating SHIB still faces challenges in establishing a strong uptrend. The RSI is currently at 34.5, after dipping to 21.6 a few hours ago and 56.5 just two days ago. Values below 30 suggest oversold levels, and SHIB`s recent drop marked the first time this occurred since February 3, indicating intense selling pressure.

Top 3 Cryptocurrencies To Buy If You Like Shiba Inu

The cryptocurrency market has taken a significant toll over the last few days. Bitcoin (BTC) has fallen to the $88,000 price level. The global crypto market cap has dipped 0.7% in the last 24 hours to $3.04 trillion. Shiba Inu (SHIB) has also taken a substantial hit. The latest market dip came after the US announced tariffs against Canada and Mexico, causing significant losses in the US stock market and big outflows in cryptocurrencies. The Bybit hack of last week, where $1.4 billion worth of assets were stolen, added further pressure. Macroeconomic factors have also presented hurdles to the crypto industry.