{"id":4927,"date":"2024-08-08T16:25:07","date_gmt":"2024-08-08T16:25:07","guid":{"rendered":"https:\/\/technoghyan.com\/shiba-inu-shib-whales-lose-interest-in-the-same-area\/"},"modified":"2024-10-25T16:49:10","modified_gmt":"2024-10-25T16:49:10","slug":"shiba-inu-shib-whales-lose-interest-in-the-same-area","status":"publish","type":"post","link":"https:\/\/hindideep.org\/shiba-inu-shib-whales-lose-interest-in-the-same-area\/","title":{"rendered":"Shiba Inu (SHIB) whales lose interest in the same area"},"content":{"rendered":"
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Analysis of chain data tells us that major SHIB holders have reduced their investments significantly over the past 30 days.<\/p>\n

Great Shiba Inu Investors Store Assets<\/strong><\/h2>\n

According to information provided by IntoTheBlock, last month was marked by a daily decrease in transactions of a significant amount of SHIB. In fact, SHIB’s daily trade volume between $100,000 and $1,000,000 has fallen by 46% over the past 30 days. Additionally, transactions between $1,000,000 and $10,000,000 also saw a daily drop of 64% over the same period.<\/p>\n

A decrease in large trading volume in an asset is generally a bearish indicator. This prospect can then shake the confidence of individual investors as they see the big players reduce their trading activity, which could ultimately lead to a decrease in buying activity and a potential depreciation of the asset price.<\/p>\n

In addition, the decrease in the Netflow indicator for large SHIB holders confirms that the whale addresses that own the same coins sold more than they received during the analyzed period. According to IntoTheBlock, the Netflow of large SHIB holders has fallen by 391% in the last 30 days.<\/p>\n

To go deeper:<\/strong> How to buy a Shiba Inu? Everything you need to know about this same place <\/strong><\/p>\n

Large holders are crypto whale addresses that own more than 0.1% of the asset’s circulating supply. So their “netflow” measures the difference between coins acquired and sold over a given period.<\/p>\n

Thus, a decline in these figures signals that whale addresses are liquidating their holdings, a bearish indicator that often precedes a general decline in the market in question, in this case the Shiba Inu.<\/p>\n

SHIB Price Prediction: Can It Go Below $0.000010?<\/strong><\/h2>\n

An analysis of SHIB’s daily price chart suggests that the cryptocurrency could be preparing for a recovery. Currently, its Relative Strength Index (RSI) and Money Flow Index (MFI) values \u200b\u200bare 30.23 and 22.45, respectively.<\/p>\n

These leading momentum indicators, which measure the asset’s overbought and oversold status, currently suggest that the Shiba Inu is near oversold status. Indeed, this type of situation often heralds a trend reversal, indicating that the asset’s price could soon appreciate.<\/p>\n

To know more:<\/strong> The best meme coins of 2024 <\/strong><\/p>\n

If this trend continues, SHIB price could then reach $0.000018. However, if the selling intensified, its value could instead fall below the $0.0000010 mark.<\/p>\n

Moral of the story: ShibArmy dies but doesn’t give up!<\/strong><\/p>\n

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Disclaimer<\/p>\n

Disclaimer: In accordance with The Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased information, but market conditions may change without notice. Always do your own research and consult with an expert before making any financial decision.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Analysis of chain data tells us that major SHIB holders have reduced their investments significantly over the past 30 days. […]<\/p>\n","protected":false},"author":2,"featured_media":4980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-currency"],"_links":{"self":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts\/4927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/comments?post=4927"}],"version-history":[{"count":1,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts\/4927\/revisions"}],"predecessor-version":[{"id":4996,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/posts\/4927\/revisions\/4996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/media\/4980"}],"wp:attachment":[{"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/media?parent=4927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/categories?post=4927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hindideep.org\/wp-json\/wp\/v2\/tags?post=4927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}