Shiba

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-sees-decline-in-whale-activity" data-wpel-link="internal">Shiba Inu Sees Decline in Whale Activity</a><br></p>
<p style="text-align: justify">Shiba Inu (SHIB), the second most popular meme cryptocurrency, is witnessing a sharp decline in whale activity. Over the past week, the coin flow towards major <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a> on exchanges has significantly decreased. This downturn is attributed to the overall market decline impacting SHIB’s value. Recently, SHIB dropped by 5.81% in the last 24 hours, lowering its price to $0.00001522.</p> 
<h2 id="why-are-whales-staying-away">Why Are Whales Staying Away?</h2> 
<p style="text-align: justify">The dwindling SHIB value has led to a notable reduction in whale trading activities. Data indicates that the net flow of SHIB among whales has plummeted by over 500% in a single week. This metric monitors the transactions of whales sending to and withdrawing from exchanges. An increased net flow often hints at major investors prepping to sell their tokens, thereby potentially increasing selling pressure.</p> 
<p style="text-align: justify">Conversely, a drop in this metric suggests that major investors are holding their tokens off exchanges, possibly waiting for a more favorable market situation. This strategy indicates that whales are avoiding selling due to the current price slump, eyeing <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">future</a> gains instead.</p> 
<h2 id="how-are-investors-faring">How Are Investors Faring?</h2> 
<p style="text-align: justify">A seven-day moving average analysis reveals that SHIB’s daily trading volume profit/loss ratio stood at 0.57, indicating more losing trades than profitable ones in the past week. This trend has further contributed to the declining investor sentiment around SHIB.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<ul> 
 <li>Monitor SHIB’s price in relation to the 20-day exponential moving average (EMA).</li> 
 <li>A price rebound above the 20-day EMA could signal a potential rise to $0.0000185.</li> 
 <li>Be cautious of increasing selling pressure if SHIB continues to stay below the 20-day EMA, potentially dropping to $0.0000151.</li> 
</ul> 
<h2 id="conclusion">Conclusion</h2> 
<p style="text-align: justify">SHIB’s recent price drops have pushed it below the 20-day EMA, indicating reduced buying pressure. If the meme coin remains below this level, further declines are likely. However, a significant demand could drive the price back up, making it crucial for investors to stay vigilant and react to market changes.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-sees-decline-in-whale-activity" data-wpel-link="internal">Shiba Inu Sees Decline in Whale Activity</a></h5>

Shiba Inu Sees Decline in Whale Activity

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Інші статті, опубліковані 5 лип. 2024 р.

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