Shiba Inu Update: Rally vs Whale Activity – What’s Next?
▪ $SHIB surged 30% this week, breaking a 7-month descending channel to trade near $0.00000862
▪ Whale transfers up 111% with $332,790 net outflows, signaling potential profit-taking
Key Technical Levels
▪ 50-day EMA: $0.00000832 – immediate support
▪ 100-day EMA: $0.00000912 – breakout confirmation
▪ 200-day EMA: $0.00001056 – next upside target if momentum continues
▪ Supertrend support: $0.00000754
Market Insights
▪ Low volume at $106.5M; Fear & Greed Index reads 28 – retail remains sidelined
▪ Burn rate spike on Jan 1 shows deflationary effort, but momentum faded
Outlook
▪ Bullish scenario: reclaim $0.00000912 with rising volume → targets $0.00001056 and $0.00001200
▪ Bearish scenario: drop below $0.00000832 with continued whale selling → retest $0.00000754 or $0.00000700
SHIB’s structure improves, but sustainability depends on volume, sentiment, and whale behavior.
#SHIB #ShibaInu #CryptoAnalysis #Altcoins #ArifAlpha
