Shiba Inu Bull Setup kontra 69% Drop for Big Transactions
Shiba Inu (SHIB) don bounce back 6% inside 24 hours, e dey trade around $0.0000138 as altcoins dey recover. But big SHIB transfers (≥$100,000) drop 69% from 6.04T to 1.87T SHIB, wey fit mean say demand fit dey fall. On-chain activity for Shibarium still dey active, with over 4.2 million daily transactions, 48% network utilization and low gas fees. RSI near 70 and the positive MACD show say Shiba Inu dey get bullish momentum. SHIB don break above its 20-, 50- and 100-day EMAs and e suppose close daily pass 200-day EMA ($0.0000145) to fit target $0.0000175–$0.000025. Derivatives open interest don increase 40% since early July, while long-term holders pass one million addresses. Analysts dey expect SHIB go reach $0.000020 by late August and $0.000040 by year-end, with help from the upcoming Alpha Layer release. New meme presales like T6900 don raise over $500,000, showing altcoin volatility. Traders suppose dey watch big transaction volume, RSI, EMA levels and on-chain metrics to sabi wetin SHIB go do next.
Neutral
While Shiba Inu technical signs—RSI close to 70, positive MACD and EMA breakouts—show say short-term bullish vibes still dey, the 69% crash for big transactions show say demand fit no stable. Long term, dey come updates like Alpha Layer release, rising derivatives open interest and strong on-chain activity fit bring more gains. But the sharp fall inside big deals and new meme presales like T6900 fit mean say the market fit get ups and downs. All together, mixed signals mean say no clear side, so e better to watch on-chain metrics and the volume of big transactions well before you make directional moves.