The recent behavior of Shiba Inu (SHIB), a cryptocurrency, has been under pressure due to changes in investor behavior. On-chain data reveals that large SHIB holders have been selling off their holdings, with the number of addresses holding between 10 million and 100 million SHIB tokens decreasing by 20%. Similarly, wallets holding $10,000 to $1 million in SHIB have declined by 16 to 22%. On the other hand, addresses holding $1-$1,000 worth of SHIB have increased, indicating interest from smaller retail investors. The low trading volume suggests a lack of enthusiasm in the market, and the Relative Strength Index (RSI) is hovering close to neutral levels, indicating indecision among traders. To regain stability and recover, SHIB will likely require increased trading activity and renewed interest from institutional and large-scale investors. It is important for investors to monitor volume levels and key price thresholds to gain more clarity on SHIB's future course.



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