2,000,000,000,000 Shiba Inu (SHIB) Damage: Here’s What Happened

Once more Shiba Inu is consolidating at challenging times. The asset is currently losing ground, trading around $0.0000147 after momentarily regaining the psychologically significant $0.000015 level. A failed breakout that may now become a classic rejection is indicated by the chart’s retreat from the 200 EMA resistance.

The technical structure indicates that $0.0000133 and $0.0000142 are support levels that might serve as possible bounce zones. Nevertheless, it appears that the bounce probability from these areas is uncertain. A crucial component is absent, namely volume, even though there are obvious wick rejections and mildly bullish candles developing. There was no discernible volume increase in the most recent rally attempt.

Any upward movement becomes erratic and vulnerable to abrupt reversals in the absence of significant buying power. In the case of SHIB, that is precisely what is happening. The on-chain data supports the technical weakness. Large holders of SHIB have pulled out a staggering 2 trillion tokens over the past seven days, causing the outflow volume to plummet by 85.18% during that same period. Inflows also failed to alleviate the situation, falling 44% to 18%.

Given that whales frequently supply the kind of funding required to keep rallies going, this dramatic decline in whale engagement is alarming. Longer-term inflows have decreased by 68%-94%, while outflows have decreased by 78%-99%, indicating a distinct pattern: Big players are either staying out or pulling out of positions. That doesn’t present a positive picture. What does this mean for Shiba Inu then?

Currently the level of $0.000015 has changed from a possible support to resistance. Although a short-term price bounce around $0.0000142 is possible if the market’s overall momentum returns, sustained upward movement appears doubtful in the absence of fresh volume or rekindled whale interest. Shiba Inu is still at risk of further consolidation or worse, another leg down, because there are no significant capital flows and no catalyst in the works.