Shiba Inu Struggles to Maintain Momentum as Whale Interest Fades
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Shiba Inu’s recent price performance reveals a market caught in indecision.
After gaining over 20% in the past month, the token is now showing signs of fatigue, with a 7-day drop of 8.5% despite a small daily uptick.
Price action has narrowed into a tight range, reflecting hesitation among traders. Technical indicators mirror this standoff—Shiba Inu’s Relative Strength Index (RSI) recently rebounded from oversold conditions, climbing from 31.7 to 47.1.
While this recovery hints at renewed short-term interest, the RSI remains below 50, indicating a lack of clear momentum.
Adding to the cautious sentiment is a subtle decline in whale participation. The number of wallets holding over 1 billion SHIB has decreased slightly in the past week, pointing to reduced involvement from major players.
While the drop is minor, it continues a trend of declining large-holder activity—often a sign that long-term conviction may be waning.
With fewer whales backing the token and technicals stuck in neutral, Shiba Inu faces a make-or-break moment. Without renewed buying pressure, the asset could be heading for a period of stagnation.
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