Shiba Inu (SHIB) Wallet Growth Don Rish Up Reach 1.5M Amid Whale Selling, Technical Signals Mix for Price Outlook
Shiba Inu (SHIB) dey go through important phase for how e market dey grow. Although recent info from Santiment show say SHIB whale holdings don drop reach lowest level for five months—wallets wey get 100M–1B SHIB don cut their holdings by 2.6% since March—interest from investors still strong, as the number of SHIB wallets don pass 1.5 million for the first time. Project marketing lead Lucie talk say dis growth na because the community for all over di world dey expand. Even though adoption steady and network activity for Shibarium dey record high, SHIB price still weak, e dey trade below all major moving averages and e dey form bearish descending triangle pattern. Technical analysis show say e get mixed outlook: selling pressure from whales still dey, but indicators like Simple Moving Average (SMA) and the rising Relative Strength Index (RSI) near 42.17 show say e get chance for short-term bullish reversal. Key price levels to watch na support from $0.00001065 to $0.00001150 and resistance at $0.00001260, $0.00001340, and $0.00001975, with possible upside target near February high of $0.00002250 if bullish momentum return. Crypto traders suppose watch these technical signs and wallet growth well, as strong and growing community fit improve SHIB liquidity, DeFi integration, and long-term value, e no matter say short-term risks from whale selling still dey.
Neutral
Shiba Inu recent data dey show market get kwik-kwik matter. Di quick rise for wallet number—wey don pass 1.5 million—mean say di community like am well well, fit make SHIB value long long time go up because liquidity go plenty and e fit join DeFi. But di big sharks (whales) don reduce their holding reach lowest in five months and selling pressure no dey stop, dis one dey make di price short term no too stable as SHIB dey trade under main moving averages and e dey form bearish shape. Technical signs show say maybe price go turn go up again, but if SHIB no fit break di main resistance levels and di whales stop to sell, price go still dey waka up and down. On the whole, di mixed signals mean say SHIB market outlook be neutral: long-term e good because community support dey grow, but short-term price fit do anyhow because whales still dey sell and technical resistance dey.