Shiba Inu (SHIB) gives signals of recovery after a harsh decline in recent weeks. Altcoin gained more than 5 %in the last 24 hours. However, the main driving force behind this recovery was whale purchases. While the profit margins of long -term holders (LTH) fall, the purchases of whales support the price.
Difficult time for long -term holders
Shiba Inu’s MVRV Long/Short Difference Metric -3%. This shows that the profitability rates of long -term holders have decreased to the same level as short -term holders. Such conditions may cause uncertainty among investors and cause hesitation to take new positions.
Especially if short -term investors become profitable, sales pressure may increase. This may limit Shıb’s upward momentum and make it difficult for the price to be permanently recovering. High sales print can take the price again to support levels.
Shiba Inu: Whale purchases support the price
Despite the difficulties of long -term holders, the purchases made by whales provided temporary support to the price of Shiba Inu. In the last 48 hours, the addresses that hold at least 0.1 %of the circulating SHIB supply added 3.5 trillion shib. The value of these purchases is calculated as approximately $ 57 million.
This procurement activity shows that whales believe that the price will rise again and that they prepare their positions accordingly. If this trend persists, the whale demand can support the price in the short term and limit the decreases.
Shıb Price Estimation: Critical Resistance Levels
Shiba Inu’s price is currently traded for $ 0.00001649 and leaned from $ 0.00001462 to the critical support level. However, short -term market signals are still mixed and uncertainty. In order to maintain the upward momentum of Shıb, the resistance of $ 0,00001676 must turn into support. If this level is broken successfully, the price is possible to make a rally towards $ 0.00001961. This movement may invalidate the appearance of a decline and regain recent losses.
Investors will continue to buy whales or short -term sales pressure will increase again, it closely follows. These developments will be decisive on Shıb’s short -term price movement.
