Latest Gate data shows that the Shib Coin price has stabilized at $0.00001351, with on-chain Whale holdings slightly rebounding. This article analyzes the movements of large holders, technical patterns, and short-term ranges for beginners to grasp the buying and selling rhythm.
In the past 24 hours, the Whale addresses’ holdings rebounded from 727.8 trillion SHIB to 749.6 trillion, an increase of about 3%.
The number of large transactions (>10B SHIB) has slightly increased, indicating that some whales are accumulating at low levels.
At the same time, the large sell-off volume has not shown a large-scale outbreak, which helps stabilize in the short term.
Technical Formation: Rebound Signal and Downward Channel
The daily chart is still operating within a descending channel, but today it formed a bullish candlestick with a long lower shadow, suggesting that bulls are attempting to defend the market.
The KDJ indicator is about to golden cross, indicating a potential technical rebound of 2%–4%.
Be cautious if the lower channel support at $0.00001330 is not maintained, as it will restart a new round of downward exploration.
Key Ranges: Support and Resistance
Support: $0.00001330 — lower channel boundary and previous low position
Resistance: $0.00001370 — Short-term consolidation high and 50-day moving average
Investor Operation Recommendations
Cautious observation, waiting for rebound confirmation: If the closing remains above $0.00001350, consider a small position entry.
Reasonable Stop Loss: Stop loss and exit if it falls below $0.00001330 to prevent downward break risk.
On-chain tracking tools: Use Santiment and Glassnode to monitor whale addresses and large transactions in real time.
Monitor market sentiment: Adjust positions based on the Fear & Greed Index and social media dynamics.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.