Shiba Inu’s price has been all over the place lately, showing some crazy gains and then sharply reversing course as whale activity takes a bearish turn. The drama unfolded on May 21, 2025, at 8:35 a.m., when the token seemed to be on a bullish streak with a lot of volume backing it up. But as quickly as it went up, it came crashing down with some heavy selling pressure. It’s like a rollercoaster ride, but with your money on the line!
Whales, those big players in the crypto world, have been cutting back on their SHIB exposure, which is never a good sign. On-chain data is painting a bleak picture, showing a 311% decrease in whale netflows and a whopping 68% drop in active addresses since December. It’s like everyone is jumping ship, leaving the rest of us to wonder what the heck is going on. The market structure right now suggests that we might see some more sideways action before a clear move in one direction, with a breakout needed above $0.00002044 to confirm anything.
Only 17% of holders are currently in the green, while a whopping 80% are swimming in losses. If the price goes up significantly, brace yourself for more selling as people try to break even. Analysts can’t seem to agree on where SHIB is headed next, with some seeing bullish signs and others warning of weakening fundamentals. It’s like a game of tug-of-war, and we’re all just waiting to see who comes out on top.
I’m not really sure why this matters, but let’s dive into some technical analysis highlights. SHIB found some solid support at $0.00001417 during the 19:00 hour, followed by a good amount of buying pressure. The volume spiked during the 04:00-06:00 timeframe, hitting over 700 million USD, confirming that initial bullish momentum. But then things took a turn for the worse in the final trading hour, with a 1.77% retracement from the high, suggesting some profit-taking going on. The price is struggling to get back above the 50-day moving average, and a descending channel pattern has formed in the hourly chart, indicating some short-term bearish sentiment. To top it all off, there was a massive volume spike of over 110 billion during a sharp breakdown below key support levels. Ouch!
Maybe it’s just me, but it feels like we’re in for a wild ride with SHIB. Some sources are saying the price could shoot up to $0.000033 in the next rally, while others are questioning if it can even hold $0.00001450. It’s like a guessing game at this point, with no one really knowing what’s going to happen next. But hey, that’s the crypto world for you — unpredictable and full of surprises.
