Shiba Inu (SHIB) price prediction: Key indicators are signaling a fall, can the Whale accumulation hold the line?

This article provides an in-depth analysis of the recent price performance of Shiba Inu (SHIB). Although there has been little fluctuation during the day, the monthly drop has exceeded 17%. The report analyzes the current situation of SHIB from multiple dimensions, including on-chain data (a sharp decrease in active addresses), fund flows (accumulation by whales), and technical indicators (formation of a death cross), assessing whether it can hold key support levels and predicting future trends, providing a reference for Memecoin investors.

Behind the Stagnation of SHIB Price: Overall Weakness in the Memecoin Market In the past 24 hours, the price of Shiba Inu (SHIB) has not changed much, with a decline of only 0.6% as of the time of writing, which is generally in line with the broader Memecoin market's decline trend. However, looking at a larger timeframe, the situation appears more severe—SHIB has fallen over 17% in the past 30 days. Against this backdrop, bearish signals are starting to emerge rapidly, but a strong signal could change the situation.

Active Addresses Approach Monthly Low, On-Chain Activity Shrinks

(Source: CryptoQuant) The first warning signal comes from the network itself. The daily active Addresses of SHIB continues to decline and is currently approaching a monthly low. This indicator is now at 3,148, just slightly above the monthly minimum level of 3,130. This indicator is crucial because the increase in SHIB on-chain activity has always preceded price rises. For example, during the period from August 6 to August 8, the number of active addresses surged, and the SHIB price responded almost immediately. Although the changes seem minimal on the surface, the decrease in activity is consistent with bearish behavior. Bull-Bear Power Indicator (BBP) shows that selling pressure is increasing, indicating that bears are gradually gaining control over the price momentum of Shiba Inu.

(Note: The Bull-Bear Power Indicator (BBP) determines whether bulls or bears are controlling the price movement by measuring the difference between the daily high/low and the moving average.)

Key buyer tray? Whales continue to accumulate support Despite the weak activity and increasing bearish momentum, there is one indicator that has not weakened. Chaikin Money Flow (CMF) remains above the zero line, indicating that funds are still in a net inflow state for SHIB. This typically occurs when others are selling, while significant players (SHIB Whales) are buying. From a technical perspective, the formation of higher lows in the CMF does indicate that the funds flowing into the asset are increasing. Looking deeper, this aligns with the behavior of the top 100 wallets. These wallets have recently accumulated trillions of SHIB, adding nearly 210 trillion in the past 90 days. Therefore, when the "smart money" and whales are reducing their positions, the top 100 addresses are significantly increasing their holdings. The rise in CMF is likely reflecting the inflow of these funds.

(Note: Chaikin Money Flow (CMF) shows buying or selling pressure by combining price and volume; a value above zero indicates accumulation, while a value below zero indicates distribution.)

The formation of a death cross indicates downside risk, with key support levels being tested

(Source: TradingView) The SHIB chart shows a clear technical warning. On the daily chart, the 20-day Exponential Moving Average (EMA) (red line) has crossed below the 50-day Exponential Moving Average (orange line), forming what is known as a "death cross." A sharp pullback typically follows this bearish crossover. Meanwhile, the price has fallen below the 0.00001259 USD support level, currently trading around 0.00001247 USD. If the sell-off continues, the next price bottom seems to be around 0.00001215 USD. If this level is lost, 0.00001160 USD will become the next possible target, which means the current 30-day pullback may deepen further. Only a clean and decisive breakthrough of 0.00001320 USD can negate this bearish outlook. This level will reverse the EMA's trend and restore short-term upward momentum, but until then, the downside risk remains dominant.

Conclusion: In summary, Shiba Inu (SHIB) is at a critical technical crossroads. The decline in on-chain activity and the daily chart's "death cross" have undoubtedly sounded the alarm, suggesting that downward pressure may intensify. However, the continued accumulation by Whale addresses and the positive signals from CMF capital flow indicate that large holders are attempting to build a bottom, leaving a glimmer of hope for the market. Investors need to closely monitor the key support level of $0.00001215, as the outcome at this level will determine whether SHIB will enter a deeper correction or stabilize and rebound with the support of whales. Short-term market sentiment is cautious, and the overall recovery of Memecoin market remains an important prerequisite for SHIB's reversal.