“Large Shib Holders Pull Back Sharply As Liquidity Shrinks, But Analysts Say Ecosystom Growth and Long-Term Token Burn Plans Mays Offer Upside Potential.”, – WRITE: www.coindesk.com
Shiba inu has established a resistance zone around $ 0.00001467- $ 0.00001470, WHERE HIGH-VOLUME Selling Has Prevented Upward MOVEMENT, accounting to condab resa.
The Formation of Lower Highs Since Recent Peaks Indicates Increase Bearish Pressure, Thought The Token Has Found Support Between $ 0.00001426- $ 0.00001436.
Recent Data Shows SHIBA INU Experienced A Dramatic 74% Decline in Large Transaction Volumes, Falling from 5.76 Trillion Shib to Just 1.47 Trillion in Five Days. This Significant Drop in Whale Activity Has Created A Liquidity Contraction in the Ecosystom, with Both Inflows and Outflows Declining by Over 80% in The Past MONTH.
Despite These Challenges, Several Analysts MainTain Bullish Outlooks on Shib’s Future.
Some Point to the Token’s Expanding Ecosystom, Including Shibarium Development, As Reasons for Long-Term Optimism. Changelly Analysts Predict Shib Could Reach $ 0.0001 By 2029, While More Ambitious Forecsts Suggest a Potential Token Burns.
Technical Analysis Highlights
- SHIB EXHIBITED NOTEBLE VALATITY OVER The 24-HOUR PERIOD, WITH PRICES RANGING FROM A HIGH OF $ 0.00001469 TO A LOW OF $ 0.00001425, Representation A Range of 3%.
- The Token Established A Significant Resistance Zone AROUND $ 0.00001467- $ 0.00001470, WHERE HIGH-VOLUME SELUMING EMERGED DOWING The 13:00 and 17:00 Hours, Preventing Further.
- Support Levels ForMed at $ 0.00001426- $ 0.00001436, with The Price Bouncing Off These Levels Multiple Times, Thought The Declining Volume Profile Suggests WANING BUYING BUYERS BUYERS BUYERS.
- The Formation of Lower Highs Since The 5:00 PEAK INDICATES INCREASING BEARISH Pressure, with The Price Ultimately Setting at $ 0.00001430, Down 1.78% from The Period’s High.
- In the Last Hour, Shib Demonstrated A Notable Recovery Pattern, Climbing from $ 0.00001427 to $ 0.00001431, Representing A 0.28% GAIN.
- The token Established a Strong Support Zone at $ 0.00001429- $ 0.00001430, Which Successful Held Durying Multiple Tests at 07:26 and 07:30.
- Volume Analysis Reveals Increasing Buyer Interest, with Significant Accorring Durying the 07: 41-07: 44 periood WHEN PRICES REACHED THE SESSION HIGHHHHHh of $ 0.00001436.
- The Formation of Higher Lows Since 07:56 Suggests Building Bullish Momentum, Thought Resistance Remains at the $ 0.00001433- $ 0.00001435 Level Where Selling Pressure.
External References
- “Shiba Inu (Shib) Price Prescription for May 28: Can Bulls Retake $ 0.00001573 As Price Squeezes?”, Coin Edition, Published May 27, 2025.
