Shiba

Dogecoin

Shiba Inu

Inu.

<p>The Shiba Inu cryptocurrency has been disappointing many investors lately, those hoping for an anniversary rally have hit a wall. Could the recent movements of whales explain this situation? SHIB is experiencing a significant decline despite strong transactional activity.</p> 
<h2 id="h-shiba-inu-the-free-fall-continues">Shiba Inu: The free fall continues</h2> 
<p>Shiba Inu whales, labeled as <a href="https://www.cointribune.com/en/crypto-are-shiba-inu-whales-about-to-propel-the-price-of-shib/" target="_blank" rel="noreferrer noopener">bull run catalysts</a>, seem to be deserting the ship. In just 24 hours, <strong>more than 1.2 trillion SHIB tokens were exchanged</strong>. Despite this enormous transactional activity, SHIB remains stuck in a persistent bearish trend.</p>
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<p>According to <a href="https://u.today/shiba-inu-shib-whales-disappeared-12-trillion-in-24-hours?utm_source=coingecko&amp;utm_content=coingecko&amp;utm_campaign=coingecko&amp;utm_medium=coingecko&amp;utm_term=coingecko" target="_blank" rel="noreferrer noopener">on-chain data</a>, SHIB is <strong>still below the 200, 100, and 50-day moving averages</strong>, indicating constant selling pressure.</p> 
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<p><strong>Every attempt to surpass resistance levels ends in failure</strong>, leading to new declines. A crypto expert pointed out:</p> 
<p>“<em>The situation is desperate for SHIB; unless there is a miraculous turnaround, it will continue to fall.</em>”</p> 
<p>Key points to remember:</p> 
<ul> 
 <li>1.2 trillion SHIB exchanged in 24 hours;</li> 
 <li>$184 million transactions in the last week.</li> 
</ul> 
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  <img decoding="async" src="https://u.today/sites/default/files/inline-images/image_1061.png" alt="shiba inu price evolution">
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   Chart reflecting recent SHIB evolution – Source: TradingView
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 </figure>
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<h2 id="h-crypto-in-general-a-delicate-situation">Crypto in general: A delicate situation</h2> 
<p>Altcoins and memecoins like Shiba Inu are also suffering from the <strong>general contraction of the crypto market</strong>. Technical indicators paint a bleak picture.</p> 
<p>For Shiba Inu, the descending channel in which SHIB was engaged has been invalidated by <strong>a substantial price drop below its lower limit</strong>.</p>  
<div class="tradingview-widget-container tradingview--mini-chart"> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:SHIBEUR","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
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 <div class="tradingview--mini-chart--light"> 
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:SHIBEUR","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
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 <div class="tradingview-widget-copyright">
  <a href="https://fr.tradingview.com/symbols/SHIBEUR/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">SHIBEUR chart</span></a> by TradingView
 </div> 
</div>  
<p>Recent statistics show large transactions, but <strong>the overall sentiment remains pessimistic</strong>. The lack of support at these critical levels leads to <strong>lower lows and lower highs</strong>, classic signs of a prolonged bearish trend.</p> 
<p>Shiba Inu’s crypto is not the only one affected; Dogecoin and other memecoins are under similar pressures.</p>
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<p>Nevertheless, despite the current challenges, <a href="https://www.cointribune.com/en/crypto-these-indicators-announce-the-return-of-shiba-inu/" target="_blank" rel="noreferrer noopener">several indicators</a> show that there is hope for a trend reversal for Shiba Inu.</p>

Crypto: Whales Fleeing, Shiba Inu Collapsing

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