However, a balance can still be achieved if this pressure is effectively challenged.After an 8% jump to $0.00001739 to start the week following seven days of pullbacks, most of those gains have vanished, with SHIB now trading at $0.00001701.highlighted a market shift, noting that established coins are losing ground to newly created memecoins.SHIB whales are becoming cautious
However, in the last 24 hours, SHIB whale activity has dropped significantly, with large transaction volume falling by 35.41% and only 1.99 trillion SHIB moved. While whale caution has had an impact, the broader trend might not yet confirm an imminent pullback, as…On the daily price chart, a bearish MACD crossover coincided with the drop as large Shiba Inu whales trimmed their positions.
Yet, if the bulls maintain their support, it could restore confidence among those in loss positions and incentivize holders to back SHIB’s price correction – an essential step for an impending reversal.From a basic economic standpoint, an increase in supply coupled with strong demand can lead to price equilibrium.