SHIB Whales Undecided: Shiba Inu Price at a Crossroads, Where to Go?

Shiba Inu (SHIB) is again the main drama in the crypto market. In the last 30 days, the price of SHIB has jumped 23% and has increased by 3.4% in the last 24 hours.

But, don’t be happy yet because last week, the price only fell 8.5%. Currently, SHIB is trapped in a narrow zone, struggling to break through key levels that make investors nervous.

RSI Gives Hope: Stable or Just Taking a Short Break?

Based on information we quoted from the Beincrypto media, the SHIB Relative Strength Index (RSI) indicator is starting to show signs of life. From a low of 31.7, the RSI is now starting to rise to 47.1.

This is a sign that there is buying interest emerging or maybe SHIB is preparing to enter a “relaxed” phase aka consolidation.

Although still below the neutral level of 50, this increase makes people wonder: is recovery near?

SHIB Whales Slowly Retreat: Big Investors Are Hesitant Again

In the midst of a market full of question marks, SHIB whales or holders of at least 1 billion tokens are seen reducing their presence.

The number of whale addresses continues to shrink, which is a signal that big investors are safe. This cautious attitude shows that they are not yet sure about SHIB’s steps in the near future.

Critical Moment: Will SHIB Price Skyrocket or Plunge?

Currently, SHIB seems to be standing on the edge of a cliff. The price is trapped between important levels, with the Exponential Moving Average (EMA) line flat on the highway.

If buyers start to be aggressive, SHIB can break through resistance and accelerate. However, if sellers are dominant, be prepared for a decline that will make your wallet cry. Investors, which side are you ready to bet on?