Shiba Inu (SHIB): possible bullish and bearish scenarios depending on market conditions

• Shiba Inu (SHIB) had a turbulent week with its price down 5.6%; however, it rose 3% in the last 24 hours, indicating volatile market conditions.

• The number of active whale addresses is currently stable at 10,861; This shows that mainstream investors have adopted a cautious approach after the peak in December.

• SHIB is currently trading near a critical resistance point at $0.0000225 and could experience the potential for further gains or a downtrend depending on market movements.

This article analyzes recent Shiba Inu (SHIB) price movements, whale activity and technical indicators, providing insight for investors and market watchers.

Understanding Shiba Inu price movements and technical indicators

Shiba Inu (SHIB) priceit fluctuated by 5.6% in the last week. However, the 3% recovery in the last 24 hours signals a potential change in momentum. The Relative Strength Index (RSI) is currently hovering at 50.9, indicating that the market is in a neutral position and there is no significant buying or selling pressure.

Price consolidation shows that traders are carefully assessing market conditions; This is observed by the stabilization of whale activity, which plays an important role in shaping market trends.

Current RSI status and market sentiment

Relative Strength Index (RSI)it is an important tool in assessing traders’ momentum. SHIB’s RSI reading has remained stable since December 20, indicating a pause in market direction. This neutral RSI value shows that we are neither overbought nor oversold, indicating a period of consolidation as market participants evaluate their options.

The lack of significant buying or selling momentum could leave SHIB vulnerable to volatility caused by external market factors, such as broad cryptocurrency price trends or regulatory developments affecting the industry.

SHIB RSI. Source: TradingView

Latest trends in SHIB whale activity

In the area of ​​cryptocurrency trading, the activities of whales can significantly affect market dynamics. Most recently, Shiba Inu whale addresses peaked at 10,930 on December 19, but then fell to 10,861. This decline reflects a more cautious outlook, indicating that large investors are not currently taking bold steps toward active buying or selling.

Persistent whale activity can be a neutral sentiment indicator, often indicating that large investors are evaluating potential market trends rather than reacting to price movements.

Those who have at least 1 billion SHIB. Source: Sentiment

Shiba Inu Price Predictions: Major Resistance and Support Levels

Continuing the Shiba Inu’s price action, major resistance remains at $0.0000225. If the SHIB price breaks this barrier, it could open the potential for further upside and start testing the next resistance levels at $0.000024 and $0.000026.

On the other hand, if buying momentum weakens and selling pressure builds, the next support point at $0.0000198 will come into play. A breach of this level could lead to a further decline to $0.0000185 and trigger negative sentiment in the market.

SHIB Price analysis. Source: TradingView

Conclusion

In summary, current Shiba Inu price fluctuations reflect a combination of cautious optimism and steady price action, with a neutral RSI indicating uncertainty among traders. Overall market sentiment remains balanced and investors must pay attention to critical price levels that will play an important role in determining SHIB’s near-term future. Paying attention to whale behavior and broader market trends will be key to supporting positive or negative prospects.