Shiba Inu Sees Sharp Decline in Whale Activity Amid Tightening Liquidity, But Analysts Eye Long-Term Upside
The crypto market remains volatile as global economic uncertainties continue to dampen investor confidence. Within this environment, Shiba Inu (SHIB) has encountered resistance near the $0.00001467-$0.00001470 range, where heavy selling pressure has stalled price advances, according to CoinDesk Research’s technical analysis model.
Since recent highs, SHIB has been forming lower peaks, signaling growing bearish momentum. However, the token has consistently found support between $0.00001426 and $0.00001436, creating a critical price floor.
Data reveals a steep 74% drop in large transaction volumes over five days, plummeting from 5.76 trillion SHIB to 1.47 trillion. This sharp reduction in whale activity has led to a liquidity squeeze within the SHIB ecosystem, with overall inflows and outflows falling by more than 80% in the past month.
Despite these headwinds, several analysts maintain a cautiously optimistic outlook on SHIB’s long-term prospects. The ongoing development of the Shibarium network and other ecosystem expansions are seen as potential catalysts for future growth. Changelly analysts have projected SHIB could hit $0.0001 by 2029. More aggressive forecasts even envision a rise to $0.01 by 2040, contingent on substantial token burns to reduce circulating supply.
Technical Snapshot
- SHIB showed a 3% price swing in the last 24 hours, oscillating between $0.00001469 and $0.00001425.
- The resistance zone at $0.00001467-$0.00001470 has consistently faced high-volume sell-offs, particularly around 13:00 and 17:00, capping price gains.
- Support levels at $0.00001426-$0.00001436 have held firm, although declining trading volume points to weakening buyer enthusiasm.
- A series of lower highs since the 17:00 peak highlights growing bearish pressure, with prices closing near $0.00001430, down 1.78% from the high.
- In the past hour, SHIB staged a modest rebound, rising from $0.00001427 to $0.00001431, a 0.28% increase.
- A solid support band at $0.00001429-$0.00001430 was successfully tested multiple times early in the session.
- Volume data indicates renewed buying interest during the 07:41–07:44 period, coinciding with a session high of $0.00001436.
- Higher lows forming since 07:56 suggest a budding bullish momentum, though resistance remains firm near $0.00001433-$0.00001435 where sellers reemerged at 07:55.
While short-term pressures persist due to diminished whale activity and tight liquidity, Shiba Inu’s ecosystem growth and planned
