Since the bulls are trying to restore the impulse, Shiba has survived a remarkable short -term surge, adding more than 510 billion tokens in activity with a large volume. After recovery after local support in the amount of $ 0.0000127, the Shiba is currently trading at about 0.00001355 US dollars. Over the last day, he received approximately 2.34% and is currently faced with a resistance of 0.00001458 US dollars, which is just below the 100-day EMA.
This rebound can be more important than it first appears, despite its small movement. Having lost more than half of its value since the February Peak, the asset is still technically in a descending trend, if you look for a longer period of time. Now, however, 50 EMA is aligned, and Shib is building a lower low structure, which may indicate that the descending trend is reduced. With his current RSI 57, he is bullish, but not yet bought.
This allows you to get additional potential, but in order to confirm the more stable path of recovery towards the zone $ 0.00001636, the price should break and hold above 100 EMA. What causes a recent surge? The matrix of the distribution of shares shows that the addresses and whales of the institutional size are not at all quiet.
In total, 16.57% of the sentences are withheld in the segment, with 601 wallets is 100 billion to one trillion Shiba, and another 16% – even smaller group, with only four addresses from 10 to 100 trillion wools. Holding the amazing 41% of the total supply, the largest organization has more than 100 trillions of worships. Given this high concentration, any stable price movement is probably supported or restrained by large holders who either sell by force or accumulate quietly.
However, the fact that the price stabilizes, while the addresses of the whales continue to dominate, however, it assumes that there is no aggressive redistribution, which suggests that the main players are either holding or re -lowering failures. In order for Shib to continue the rally in the near future, it must overcome the resistance of $ 0.0000145. If not, it is likely that we will return to $ 0.000013 or even $ 0.000012. Shib makes common efforts to restore, but since the whales are under control, they expect gradual methodological movements, and not explosive pumps, at least at the moment.
