Shiba Inu Price Analysis: When Could Large Investor Purchases Turn the Tide?

The Technical Catalyst Is Still Missing

Shiba Inu is currently in a technically weak position. The price is well below the 50- and 100-day EMA as well as the Supertrend indicator – a classic sign of sustained selling pressure. The price movement continues within a descending channel connecting the highs of May, July, and September. As long as SHIB remains below this resistance zone, the bearish structure remains intact.

Only if the price breaks above these moving averages could a rally to 0,000012 $ occur. A break downward, on the other hand, would give the bears more room to maneuver.

Positive Fundamentals: A Quiet Buyer Catalyst

Despite the technical weakness, there’s a lot happening beneath the surface. Exchange reserves are shrinking massively – by 21% over the last 30 days, according to Nansen data. This is an important catalyst because it means investors are moving their holdings from trading platforms into self-custody. A sign that they do not want to sell but hoard.

The numbers tell a clear story:

• 288 trillion SHIB are currently on exchanges (down from 366 trillion)
• Large investors are accumulating: From just 1.36 billion SHIB in December to over 96 billion – an increase of nearly 7,000%
• Top-100 addresses are strengthening positions: +10.3% in 30 days

This accumulation phase at the current price level suggests that institutional and large private investors are buying, not selling.

The Dark Side: Why Caution Is Warranted

The positive signals should not obscure reality:

First: The meme coin sector is losing appeal. Dogecoin and other cryptocurrencies in this category face enormous pressure in 2024.

Second: Macro headwinds are approaching. The Bank of Japan may soon raise interest rates – a classic brake on risky assets like cryptocurrencies.

Third: The price has fallen over 70% since the yearly high, significantly weaker than leading coins like Bitcoin and Solana. This shows the relative weakness of the token.

Conclusion: Waiting for the Price Catalyst

Shiba Inu is in a waiting position. The fundamentals are improving, whales are buying, exchange reserves are decreasing – all positive signs. But technically, the token remains trapped. A breakout above the moving averages is the next critical catalyst that will decide whether the accumulation is rewarded or if the bears keep control.