Shiba Inu Price Drops, But Whale HODLing Pattern Suggests Imminent Recovery!

Shiba Inu (SHIB) has recently experienced a 13% price drop amid prevailing bearish market sentiment. While many traders have been selling, a closer look at on-chain data reveals a surprising and optimistic trend: "whale" investors are actively accumulating. This divergence in behavior, coupled with a growing HODLing pattern among retail investors, suggests that a price recovery for SHIB could be imminent.

Whales Buy the Dip: A 4% Accumulation Signal 📈

Despite the recent market downturn, whale addresses holding over US$1 million in SHIB have increased their ownership by 4% in the last seven days. This significant accumulation by large investors is a strong bullish signal, indicating their long-term confidence in SHIB's value. These whales see the price dip not as a reason to sell, but as an opportunity to buy more at a discount. Their actions often precede a market reversal, as their massive buying power can absorb selling pressure and push prices back up.

The HODLing Effect: Retail Follows the Whales 💎

The accumulation by whales is having a ripple effect on the broader community. Data from IntoTheBlock shows that the number of short-term holders who are now extending their holding period has increased by 1% in the same timeframe. This growing "HODLing" pattern among retail investors is a crucial sign of market stability. When short-term holders stop selling and start holding, it reduces the available supply on the market, creating a more favorable environment for price recovery. This shift in sentiment from panic selling to confident holding is a key ingredient for SHIB's potential rebound.

Price Prediction: Can SHIB Reclaim Key Resistance? 🔮

With continued whale accumulation and growing HODLing behavior from retail investors, the outlook for SHIB's short-term price is increasingly optimistic. The price is expected to rise back towards the resistance level of US$0.00001362. A successful breakout above this level would confirm a reversal and signal the beginning of a new uptrend. However, if bearish sentiment intensifies and the price fails to break this resistance, there is a risk of a further decline to US$0.00001160. The coming days will be a crucial test of whether the bullish actions of whales can overcome the broader market pessimism.

Conclusion

Shiba Inu's recent 13% price drop is being counteracted by a powerful on-chain signal: a significant increase in accumulation from whale investors. This accumulation, coupled with a growing HODLing pattern among retail holders, points to a strong underlying foundation for a price recovery. While the road ahead may be volatile, the actions of these large players suggest that they believe SHIB is currently undervalued and poised for an imminent rebound. Investors should monitor key resistance levels to confirm whether this bullish trend can overcome market pressure and lead to a new rally.

Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.

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