Shiba Inu’s Bullish Bark Silenced by Whales, but Hope Remains 🐕💰

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In the realm where digital currencies and human folly intersect, Shiba Inu (SHIB) finds itself at a peculiar crossroads. As of this moment, SHIB trades at the meager sum of $0.00001282, marking a modest 4.1% increase over the past seven days and a 2% gain in the last 24 hours. Yet, when one gazes upon the three-month chart, the gains appear as tepid as a summer breeze, a mere 3.2%. A fleeting spark of optimism flickered with a short-term price rally, but alas, it was swiftly extinguished by the capricious whims of the whales and the swift hand of profit-taking.

But despair not, dear reader, for all is not lost. Despite the shadows cast by the whales’ maneuvers, SHIB’s breakout structure remains unbroken, and the faintest glimmer of hope lingers in the hearts of those who dare to buy the dips.

Whales Add, Then Sell: Profit Grabs Mute the Breakout

On the fateful day of September 5, the whales of the SHIB sea, with their insatiable appetites, suddenly increased their holdings, swelling their hoard from 692.68 trillion tokens to a staggering 703.95 trillion. At the current price of $0.000012, this accumulation amounted to a leap of approximately $135 million. Yet, within mere hours, this vast fortune was reduced to 701.93 trillion-a net sell-off of nearly $25 million. Such is the nature of the beast, where the mighty whales can feast and vomit at will, leaving the market in a state of perpetual uncertainty.

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This rapid in-and-out maneuver mirrored the volatile dance of SHIB’s price on that very day. The token ascended from $0.00001206 to $0.00001248, only to stall abruptly, as if struck by an invisible hand. Moreover, between September 4 and September 8, the percentage of SHIB in profit surged from 20.86% to 29.64%, reaching its peak in two weeks. This phenomenon reveals that sellers, including the elusive whales, have seized the opportunity to pocket their gains during the brief rally.

The result was a muted breakout, as evident in the subsequent price action. While SHIB managed to breach the $0.00001253 mark, the bulls were swiftly met with resistance, dampening the once-promising ascent. Without a fresh influx of whale capital, the momentum may falter, and the risk of further profit-taking looms large.

The percentage of supply in profit remains elevated on a week-to-week basis, with SHIB posting a 4% gain over the past week. This pattern suggests that another wave of profit booking by retail investors and whales alike is imminent, should they choose to liquidate their remaining positions.

Shiba Inu Price Still Holds Breakout Structure, but Needs Fresh Fuel

Despite the profit-driven selloff, SHIB continues to trade outside its breakout structure, having initially surpassed the critical level of $0.00001253. The next key resistance points to watch are $0.00001352 and $0.00001473. A decisive break above $0.00001597 would pave the way for a more robust rally, much to the delight of the bulls.

Conversely, a failure to maintain the $0.00001253 support, followed by a breach of $0.00001202, could precipitate a deeper correction, further muffling the already subdued bullish bark. This scenario could unfold if the whales persist in divesting the remainder of their September 5 stash, a prospect that haunts the market like a specter.

Yet, a glimmer of hope persists in the form of money flow. The Money Flow Index (MFI), which gauges the balance between buying and selling pressure, has begun to ascend, reaching new heights despite the marginal increase in SHIB’s price. This trend often signals the presence of dip buyers, though true conviction will only be confirmed if the MFI surpasses its late-July peak.

For now, the buying remains tentative, lacking the fervor needed to propel SHIB past the $0.00001352 barrier. Should this level be breached with confidence, it would not only validate the bullish momentum but also signify a genuine triangle breakout.

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2025-09-09 14:12