Whale Activity in SHIB Plummets Amid Shrinking Liquidity, But Analysts Highlight Long-Term Growth Drivers

The broader cryptocurrency market remains under pressure as persistent global economic uncertainties dampen investor appetite. Shiba Inu (SHIB), one of the more volatile tokens in the space, has seen a sharp pullback in large-holder activity, even as long-term developments offer potential upside.

SHIB Hits Resistance as Whale Activity Drops

Shiba Inu has formed a notable resistance band between $0.00001467 and $0.00001470, where heavy sell-side volume has capped recent rallies, according to CoinDesk Research’s technical data model. The token is also printing lower highs since recent peaks, signaling mounting bearish pressure.

However, a support zone has emerged between $0.00001426 and $0.00001436, helping to stabilize price dips in the short term.

On-chain data highlights a dramatic 74% drop in large SHIB transactions over five days, with volume falling from 5.76 trillion SHIB to just 1.47 trillion. This slump in whale activity has led to a liquidity crunch, as both inflows and outflows have contracted by over 80% in the past month.

Analysts Still See Long-Term Promise

Despite the near-term weakness, several analysts remain bullish on SHIB’s long-term trajectory. Optimism centers around the expansion of the Shiba Inu ecosystem, including ongoing development on Shibarium, the project’s layer-2 blockchain.

Analysts at Changelly project SHIB could climb to $0.0001 by 2029, with some longer-term forecasts speculating a possible move to $0.01 by 2040—a target that would require aggressive and sustained token burns to drastically reduce circulating supply.

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Technical Analysis Overview

• Price Action: Over the last 24 hours, SHIB traded between $0.00001425 and $0.00001469, a 3% range.
• Resistance Zone: Heavy sell orders clustered between 13:00 and 17:00 around $0.00001467–$0.00001470 stalled bullish attempts.
• Support Zone: The token repeatedly bounced off the $0.00001426–$0.00001436 range, though falling volume points to declining buyer interest.
• Trend Signals: Lower highs since the 17:00 peak reflect growing bearish sentiment. By session’s end, SHIB had slipped to $0.00001430, down 1.78% from the intraday high.
• Short-Term Recovery: In the final hour, SHIB rebounded slightly, moving from $0.00001427 to $0.00001431, a modest 0.28% gain.
• Support Retest: The zone between $0.00001429–$0.00001430 held firm during tests at 07:26 and 07:30, suggesting underlying strength.
• Buyer Activity: Increased buying interest was observed between 07:41–07:44, when the token hit a local high of $0.00001436.
• Bullish Momentum: The formation of higher lows since 07:56 hints at a potential bullish reversal, though overhead resistance at $0.00001433–$0.00001435 continues to attract sell pressure.