 ▲ Shiba Inu (SHIB) |
Shiba Inu (SHIB) has reached a critical inflection point that could determine its future price direction, as significant capital inflows from large investors coincide with key technical indicators.
According to crypto media outlet U.Today on February 17 (local time), large holders within the Shiba Inu ecosystem have increased their inflows by 154 billion SHIB over the past 24 hours, signaling a resurgence in whale activity. Virtual asset analyst Arman Shirinyan noted that such massive asset movements could be a precursor to heightened market volatility. Increased inflows into large wallets are typically observed during accumulation phases near market bottoms or in preparation for substantial transactions.
From a technical perspective, Shiba Inu is currently engaged in a fierce battle within a range where major exponential moving averages (EMAs) are converging. The price is moving sideways between the 50-day and 100-day EMAs, searching for direction, while the 200-day EMA serves as a key support level that determines the long-term trend. The convergence of these EMAs suggests a high likelihood of either a strong breakout or a sharp correction in the near term.
Data from on-chain analytics firm Santiment shows that Shiba Inu’s active addresses and transaction volume remain solid despite the recent price stagnation. Movements by large holders withdrawing assets from exchanges or transferring them to private wallets are interpreted as positive signals that may alleviate short-term selling pressure. Analysts predict that when this supply-demand imbalance resolves, Shiba Inu could establish its own momentum, potentially fueled by the growth of its layer-2 network, Shibarium.
For Shiba Inu to secure upward momentum, it must first break decisively above the 100-day EMA resistance and hold above it. If it succeeds in reclaiming this level, the short-term target could extend toward previous highs. Conversely, failure to maintain support at the 200-day EMA could result in further downside correction. Market participants are cautiously positioning themselves, closely monitoring continued whale inflows and any breakout or breakdown from the EMA levels.
Amid limited liquidity across the broader digital asset market, Shiba Inu’s significant capital flows are expected to serve as a gauge for a potential recovery in the meme coin sector. The synergy between the development team’s network upgrades and whale accumulation activities may determine whether meaningful price recovery materializes, marking a turning point for ecosystem expansion.
Disclaimer: This article is provided for informational purposes only and should not be construed as investment advice. The publisher is not responsible for any investment losses incurred based on this content.