Greeks Shayba Eno tee 4.66 trillion Shayb, as the price decreased 12 % star-news.press/wp

The SHIBA Inu price has decreased by 12.5 % over the past 24 hours, erasing a large part of the recent gains made earlier in the week.

The decrease occurred amid the wider market trends, but the Pisces are accumulating actively SHIB at these lower levels, with the aim of taking advantage of the decline and may pay the price backup.

Shayba Ino whales to rescue?

Netflow has increased for Shiba Inu holders recently, reaching the highest level for two months. In the past 24 hours, 4.66 trillion graying has been collected with headlines with at least 0.1 % of the circulating offer. These whales, which have invested $ 63.7 million, are betting on the recovery of prices.

Pisces activity is extremely important to Jiba Eno, as these senior bearers can significantly affect price movement. With such large accumulation during the recent low prices, it is clear that whales are ready to support SHIB at these levels. This may create upward momentum in the event of continued purchase, while facing the declining direction that affected SHIB in recent days.

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Looking at the overall momentum of Jiba Eno, the number of active addresses by profitability reveals a disturbing direction. Currently, about 27 % of active graying addresses in profit. This is a critical level because, historically, as soon as the percentage of profitable addresses is 25 %, their decisions are likely to affect price action.

If these investors decide to make a profit, then the sale pressure can pay less Shiba Inu.

The increasing percentage of profitable addresses indicates that many of their holders can spend soon, especially after the last price height. This is a potential danger to Jiba Eno, because this behavior can lead to an additional price decrease.

Price is bounced again

SHIBA Inu is currently trading at 0.00001353 dollars, a decrease of 12.5 % over the past 24 hours. Altcoin maintains the support level of $ 0.00001317. If the ongoing accumulation efforts in the whales succeed, SHIB may refresh from this support level, with the aim of rising about $ 0.00001435.

A successful bounce is likely to pave 0.00001317 the way for more appreciation for the prices, which may push the Shiba Inu to 0.00001553 dollars. Securing this level as support can be a recovery of today’s losses and the start of a new direction, provided that the conditions of the broader market remain favorable.

On the other hand, if the Shiba Inu has been supported by $ 0.00001317 due to the profit, the Meme currency may slip to $ 0.00001188. This would nullify the ups and increase the investor’s confidence. The next few days will be very important in determining whether SHIB can maintain current support levels.