Two groups of whale investors sold their holdings heavily which caused the cryptocurrency market to plunge and Shiba Inu lost 53% of its value.
The price of SHIB reached $0.00003343 after the election but then dropped under essential support points making 50% of token holders lose money. Available charts show there is light at the end of the tunnel according to memecoin analysts.
#ShibaInu $SHIB is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart. pic.twitter.com/llOC004UvG
— Ali (@ali_charts) February 11, 2025
Can SHIB Hold Key Support and Trigger a Reversal?
Major whale investors stopping their purchases made it impossible for SHIB to reach its past peak values. The coin remains contained inside its trading zone while its bottom price stands at $0.00001550. Even though daily trading activity has grown 20% the absence of large-scale investors prevents a positive market turnaround from happening.
The entire memecoin industry experienced a 7% decrease today but SHIB fell only 5%. Although SHIB dropped 5% less than other cryptocurrencies which recorded double-digit losses investors do not see enough enthusiasm for a future price increase.
Technical analysis shows evidence that buying conditions may arise despite strong market selling activity. Market signals show that trading momentum has reached intense lows and buying strength has begun according to MACD and RSI indicator readings. The market may pivot upward when SHIB upholds its price range of $0.00001500 to $0.00001775.
Key Levels Determine SHIB’s Next Move
To create a real bullish trend SHIB must rise past its major resistance point at $0.00002400. The token will likely continue its baseline activity because whales need more buy pressure across crypto markets.
Investors in the memecoin market are now more cautious with their trading decisions. Market participants are reluctant to invest in risky assets because many tokens suffered two-thirds declines during the recent period. The wild gain that sent SHIB on its amazing climb ended in a way that makes people wonder if the token will continue growing as it should.
Those with high-risk tolerance should consider buying SHIB right now because its market price has dropped. Buyers see an opportune time to buy during SHIB’s downtrend ahead of its expected growth.
As current market trends change for the better Shiba Inu has a chance to recover and potentially succeed. The market needs whale investment to recover while staying above important support levels could start a strong upward trend during unknown market conditions.
