Whale-nado: Shiba Inu’s Fate in the Hands of 46 Whales!
Technically, SHIB has been unable to break out of a multi-month downward trend, continually falling short of breaking above its 200-day moving average, which is currently at around $0.0000145. SHIB returned below $0.0000135 after a brief price surge through this important resistance last week that was swiftly rejected. This rejection highlights the amount of overhead supply that is still available as sellers are still keen to profit from any attempts at a rally.