- Despite the price stagnation, Shib has increasing whale activity, which indicates pressure structure – pressure that can lead to an outbreak or collapse.
- Technical indicators are still declining, but increased onchain turnover indicates the upcoming volatility fluctuating of the Shib course.
Shiba Inu (Shib) showed a striking divergence between its flat price development and the increasing on-chain activity last month. While the price of the token remains in a close range, the transaction volumes have risen to a new level, which indicates a possible increase in volatility below the surface.
This gap has attracted the attention of market observers that judge whether the current calm could be a harbinger of a significant outbreak or collapse of the ShiB course.
The course of Shiba Inu has had a hard time overcoming a resistance group that is defined by the exponential sliding average (EMAS) of 50, 100 and 200 days. Since May the area between $ 0.0000130 and $ 0.0000140 has acted as an upper limit, with several attempts at recovery at this level. Despite the price stagnation, the data on the chain show an increase in whale activity.
The transaction volume reached a high of 24 trillion Shib tokens at the beginning of June, a dramatic increase compared to the previous months.
This leaking increase in the transmissions shows that large owners may accumulate tokens instead of repeal them. For example, 11.6 trillion Shib tokens were traded on June 30 alone. Such an activity could indicate intelligent repositioning in the run -up to a possible market movement.
The persistent increase in volume at stagnating price either reflects a hidden accumulation phase or preparation for the distribution, both of which usually precede times increased volatility.
Technical analysis continues to show Bear pressure
Despite the high transaction volume, the technical indicators remain bearingly adjusted. The 200-dayema gradually tends downwards, which increases the overall negative momentum.
In addition, the relative strength index (RSI) is still below the neutral value of 50, which indicates weak buying pressure. These indicators indicate a persistent dominance of sales and caution among the dealers.
The daily trade volumes on the stock exchanges have also remained relatively behavioral. The 24-hour trade volume recently fell around 4.52 % to 121.11 Mio. $which indicates a decline in retail trading activities. This lower liquidity is in line with a market that consolidates because investors are waiting for clearer directions. The ratio of volume to market capitalization of 1.82 % underlines this limited commercial activity in relation to the market size of Shib.
Outbreak is emerging
Times of low price volatility in connection with high on-chain activity are often preceded by strong market movements. The current coexistence of increasing whale transfers and stagnating prices could indicate an upcoming volatility boost. If the SHIB course can decisively break through the EMA resistance zone by $ 0.0000140, this could trigger a quick price movement.
Such an outbreak could lead to liquidation cycles or an increased rally and interrupt the months of sideways. However, as long as the price does not stay above this level of resistance, the market remains in a trading range in which retailers are careful to enter into new positions.
Fundamental data and motion metrics
The market capitalization of Shiba Inu is $ 6.61 billion, which reflects its fully diluted evaluation. This relationship indicates that the entire possible token value is well reflected in the market price. The unsuccessful market capitalization exceeds this number, which indicates a large volume of tokens that are available for trade or transmission.
The token offer remains set at 589.5 trillion Shib tokens, which contributes to its price dynamics and its liquidity profile. In addition, the SHIB community comprises around 1.51 million owners, which indicates a considerable number of investors who, despite the latest price consolidation, are still committed to the asset.
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