SHIB Price Prediction: Can the Meme Coin Overcome Bearish Technicals?

#SHIB

• Technical Headwinds: Price below key MA with negative MACD suggests bearish control
• Whale Divergence: Institutional transfers show conflicting accumulation/distribution signals
• Utility Shift: Investor preference moving toward AI/utility tokens may limit meme coin upside

SHIB Price Prediction

SHIB Technical Analysis: Bearish Signals Dominate Short-Term Outlook

SHIB is currently trading at 0.00001351 USDT, slightly below its 20-day moving average of 0.00001358, indicating weak momentum. The MACD histogram remains negative at -0.00000008, confirming bearish pressure. Bollinger Bands show price hovering NEAR the middle band (0.00001358), with potential support at 0.00001107.

"The technical setup suggests consolidation with downward bias," says BTCC analyst John. "Unless SHIB reclaims the 20-MA as support, we may see a retest of the lower Bollinger Band."

Institutional SHIB Movements Signal Shifting Market Sentiment

Recent whale activity shows conflicting signals: Coinbase Institutional's $70M SHIB transfer coincides with a 5 trillion SHIB withdrawal during price weakness. Meanwhile, growing interest in AI tokens like Ruvi suggests capital rotation from meme coins.

"Large transfers during dips can indicate accumulation," notes BTCC's John. "However, the narrative shift toward utility tokens may limit SHIB's upside until ecosystem developments emerge."

Factors Influencing SHIB’s Price

Coinbase Institutional Moves $70 Million in Shiba Inu in Largest OTC Transfer of the Year

Coinbase Institutional executed a $70 million over-the-counter transfer of Shiba Inu (SHIB) to an anonymous wallet on July 23, marking the largest such transaction in 2024. The move follows three sequential SHIB transfers totaling $120 million in early June, signaling continued institutional engagement with the meme coin.

While the purpose remains undisclosed, industry observers note such bulk OTC trades typically reflect portfolio rebalancing or liquidity management strategies. Coinbase's institutional arm specializes in shielding spot markets from volatility by facilitating large-scale off-exchange transactions for corporate clients.

The transfer underscores growing sophistication in SHIB's market infrastructure, with whale activity increasingly channeled through regulated intermediaries rather than public order books. This mirrors broader trends of institutional capital flowing into select altcoins through compliant gateways.

Whale Withdraws 5 Trillion SHIB from Coinbase Institutional Amid Price Drop

A significant transfer of 5 trillion Shiba Inu (SHIB) tokens, worth approximately $70 million, has been executed by an anonymous investor. The tokens were moved from Coinbase Institutional to a newly created on-chain wallet, where they remain idle—signaling a potential long-term hold strategy that may alleviate immediate selling pressure.

The transaction coincided with an 11% decline in SHIB's price to $0.00001343, reflecting broader weakness across cryptocurrency markets. Such a sizable movement by a single entity underscores heightened activity in the Shiba Inu ecosystem and could sway market sentiment among retail and institutional participants alike.

Big Investors Shift Focus from Shiba Inu to Ruvi AI Amid Utility-Driven Appeal

Ruvi AI (RUVI) is attracting institutional and serious private investors, outpacing meme coin Shiba Inu (SHIB) in market interest. Analysts highlight its audited smart contracts, utility-focused mission, and strategic exchange partnerships as key differentiators.

The project's third-party audit by CyberScope and collaboration with WEEX Exchange underscore its transparency and security—qualities increasingly prioritized over speculative hype. Market participants now view Ruvi AI as a structured growth opportunity rather than a viral gamble.

Will SHIB Price Hit 1?

Reaching $1 would require a 7,400,000% increase from current levels (0.00001351 USDT), making it statistically improbable without unprecedented token burns or adoption. Key considerations:

"While viral rallies are possible," explains BTCC's John, "SHIB's path to $1 would require either massive supply reduction or inflationary dollar collapse - neither appears in our base case."

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