Introduction
Shiba Inu [SHIB] has had a tough time recently, dropping 11% over the last month. Right now, SHIB trades at $0.00002167. This decline comes from increased selling and weak demand. However, rising whale activity might change things soon.
SHIB’s Current Trends
On the 4h chart, SHIB shows signs of selling pressure. Its Relative Strength Index (RSI) dropped to 40,75, which is close to oversold levels. This means SHIB might recover if selling slows. Yet, without stronger buying, it could stay low and trade within its current range. On the other hand, if buyers return, SHIB could bounce back. Moving above $0.0002469, the 0.5 Fibonacci level, could start a new upward trend.
SHIB Whale Activity Grows
SHIB’s whale activity is showing growth. Large transactions worth over $100,000 jumped from 1.07 trillion to 3.75 trillion tokens in just 24 hours. However, even with this increase, SHIB’s whale activity is still lower compared to its weekly average. This shows that while some whales are stepping in, more participation is needed to drive strong price action.
SHIB’s Challenges in the Derivatives Market
In the derivatives market, SHIB faces bearish trends. Trading volumes have dropped by over -15.76%, showing reduced speculation. Open Interest has fallen to $54 million, its lowest level yet. Meanwhile, the Long/Short Ratio is now at 0.904, meaning more traders expect it’s price to drop than rise. For it to recover, Open Interest and trader interest need to grow.
What Could Happen To SHIB in 2025
Looking ahead, SHIB might gain if the overall crypto market improves during President-elect Donald Trump’s inauguration in 2025. This event could boost optimism, pushing it above $0.0000334. However, if the market has already priced in this event, it might stay bearish. Still, if memecoins grow like they did in 2024, it could see improvements.
VR Soldiers’ Thoughts
As the VR Soldiers, we see it’s rising whale activity as a positive sign. However, without more buyers, it may struggle to grow further. Watch key levels and trends carefully. Always research before making decisions—this is not financial advice.
Conclusion
Shiba Inu is at a crossroads. Whale activity and rising interest bring hope, but bearish trends dominate. For it to recover, it needs more demand and stronger trader involvement. Until then, caution is important as the market remains unpredictable.
