Right, so Shiba Inuâthe beloved dog coin with more drama than my last relationshipâhas unceremoniously nose-dived 60%. Big number, huge panic, but hold your leash: the whales (yes, those mysterious crypto titans who probably own more throw pillows than I do dignity) are not running for it. Theyâre… actually staying put, like they ordered a pint and just realised the pub quiz is about to start.
Letâs get proper technical for half a sec because charts and squiggly lines are apparently the law in crypto. Our dogâs at $0.0000134-ish, which is an amount that sounds made up, but trust me, that decimal is important. The 200-day moving average is still lounging above it, like itâs too posh to join the chaos below. As for the 100-day resistanceâthink of it as the bouncer who lets in everyone except SHIB.
Despite the downward spiral (mood), SHIB heroically bounced from Aprilâs lows and now stares moodily at âimportant technical zones.â The RSI is basically shrugging at 56, saying “Iâm not too hot, not too cold, just chilling, thanks.” And the part that really perks up my inner gossiper: whales are buying. Yes, those cryptic aristocrats have upped their game by 24.14% in 90 days and nearly 9% just last week. This looks a lot less like fleeing the party and more like ordering extra snacks.
On the flip side, outflowsâcrypto speak for âIâm getting outta here!ââare down 62.6% for the month and 48% for the week. The whales? Still there. Maybe buying more, maybe just hogging the punch. Wallets holding anywhere from $100,000 to $10 million in SHIB have swollen like my ego after two glasses of wine: +16.2% and +6.45% increases, respectively. These are not casualsâtheyâre the regulars who order the same combo every Friday.
Some wallets (those 100 million to 1 billion SHIB-sized) are dwindling, which means the tokens are social-climbing up to bigger, bolder holders. Thatâs how stabilisation often starts: the squabbling tourists leave, the loyalists stick around, and suddenly the vibeâs much less chaotic.
Long story short: just because the price chart looks like a staircase after an earthquake, doesnât mean disaster. The whales arenât running, theyâre renting. If SHIB can just hop above $0.0000146 and not collapse below $0.0000128, who knows? We might even see a comeback worthy of a dog with a thousand online fans. Maybe wait for some volume, though, before betting the house. Still, meme coin energy? Absolutely unbroken. đśâ¨
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2025-04-30 14:18