Whale activity around SHIB has suddenly surged, and it could spell trouble for the bulls.
Over 1 trillion SHIB tokens, worth more than $8 million, were moved to exchanges in just 24 hours last week, raising questions about what’s coming next for the Shiba Inu price prediction.
Data from Santiment shows large holders are positioning for a possible sell-off, a move that often signals rising selling pressure.
While not always the start of a crash, these kinds of inflows tend to confirm the current trend, which, in SHIB’s case, is still heading lower.
Over the past 30 days, SHIB has dropped 9.4%, and since the beginning of the year, it has lost 61%, as traders continue to rotate out of meme coins.
Shiba Inu Price Prediction: Despite Bearish News, SHIB Looks Bullish
Shiba Inu recently bounced from support at $0.0000077, but selling pressure returned quickly as it approached the $0.0000095 resistance zone.
A descending price channel has been in play for months, and SHIB now looks set to retest the $0.0000077 level again, pointing to a possible 6% downside in the short term.
Still, a potential reversal is on the table.
If SHIB forms a double bottom at this level, it could spark a bounce toward the top of the channel.
The Relative Strength Index (RSI) is also flashing a bullish divergence, showing rising momentum even as price trends lower, a classic sign that a local bottom may be forming.
As meme coins begin showing early signs of strength, one new presale is standing out.
Maxi Doge ($MAXI) is capturing the spirit of Dogecoin’s early days and turning it into a fresh new meme coin where holders can share early opportunities and trading setups.
Maxi Doge ($MAXI): The Meme Coin Traders Can’t Stop Talking About
In a market where early entries matter, Maxi Doge ($MAXI) is building a high-energy community where traders openly share trading setups, early plays, and insights before they go mainstream.
$MAXI is an Ethereum meme coin powered by the spirit of the original Doge but this version is wired with caffeine, chart obsession, and pure bull market energy.
The project has quickly caught the attention of degens and traders alike, thanks to its mix of humor, competition, and real trading culture.
With challenges like Maxi Ripped and Maxi Gains, top ROI hunters can win prizes and earn serious bragging rights.
It is a token built for those who thrive on risk, embrace momentum, and want to be part of the next big meme-fueled move.
To buy $MAXI and join the pump, simply head to the official Maxi Doge website and link up any compatible wallet (e.g. Best Wallet).
You can swap existing crypto or use a bank card to complete the $MAXI purchase in seconds.
Visit the Official Maxi Doge Website HereThe post Shiba Inu Price Prediction: 1 Trillion SHIB Hits Exchanges – What Are Whales Planning Behind the Scenes? appeared first on Cryptonews.
