Shiba Inu has regained some ground after experiencing a sharp decline in recent weeks. The altcoin is up over 5% in the past 24 hours, attempting to recover investors’ losses.
However, this rebound is largely driven by whale accumulation, as long-term holders (LTHs) continue to face profitability concerns.
Shiba Inu Whales Are Doing Their Best
The MVRV Long/Short Difference has slipped to -3%, signaling a decline in profitability for long-term holders. This metric indicates that LTHs are now at the same profitability level as short-term holders. Such conditions often lead to uncertainty, making investors hesitant to enter new positions.
Extremely negative MVRV values would suggest that short-term holders (STHs) are in profit. This scenario is typically bearish, as these investors tend to sell their holdings quickly.
If selling pressure from short-term traders increases, SHIB’s price could struggle to maintain upward momentum, limiting the potential for sustained recovery.
Shiba Inu Long/Short Difference. Source: Santiment
Despite the challenges faced by long-term holders, whale accumulation has provided some relief to Shiba Inu’s price. Whale address netflows show the first significant inflow in over a month.
In the last 48 hours, addresses holding at least 0.1% of SHIB’s circulating supply added 3.5 trillion SHIB, worth approximately $57 million.
This buying activity suggests that whales expect a price rebound and are positioning themselves accordingly. Their accumulation has helped prevent SHIB from falling further. If this trend continues, whale-driven demand could provide short-term support, potentially stabilizing the meme coin’s price in the coming days.
Shiba Inu Whale Netflows. Source: IntoTheBlock
SHIB Price Prediction: Flipping Barriers Is The Key To Recovery
Shiba Inu’s price has increased by 5% over the last 24 hours, now trading at $0.00001649. The token bounced off the critical support level of $0.00001462, avoiding a deeper correction. However, market signals remain mixed, making its short-term trajectory uncertain.
For SHIB to maintain upward momentum, it must flip the $0.00001676 resistance into support. If successful, the meme coin could consolidate above this level.
If it fails to break through, SHIB may remain range-bound between $0.00001676 and $0.00001462.
Shiba Inu Price Analysis. Source: TradingView
A stronger rally could emerge if Shiba Inu capitalizes on whale buying activity. Reclaiming $0.00001676 as support could push SHIB toward $0.00001961, invalidating the bearish outlook and recovering recent losses.
Investors will be closely watching whether large holders continue accumulating or if selling pressure resumes.
