Market Dynamics and Whale Activity
Shiba Inu (SHIB) whales are exhibiting risk-averse behavior as the U.S. prepares to release critical inflation data. Transactions exceeding $100,000 have plummeted by 91.5% over four days, signaling a shift from institutional to retail-driven market control.
Despite this, bullish momentum persists:
- Prices breached key resistance at $0.0000133 with a 975 billion SHIB volume spike.
- SHIB now trades above the 100-day SMA, a widely monitored technical level.
- A record 1.5 million wallets hold SHIB, reflecting accelerated adoption (0.011% of global population).
Technical Breakdown
- 4.6% intraday gain: SHIB climbed from $0.0000129** to **$0.0000134.
- Ascending channel: Higher lows established at $0.0000129**, **$0.0000131, and $0.0000132.
- Next resistance: $0.0000135**, with strong support forming near **$0.0000134.
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U.S. Inflation Data: What to Expect
The May Consumer Price Index (CPI) is projected to rise 2.5% year-over-year, up from April’s 2.3%. This potential uptick—fueled by recent tariff policies—could validate the Federal Reserve’s cautious stance.
Key implications:
- Markets may have priced in tariff-driven inflation, limiting long-term volatility.
- Short-term dips could present buying opportunities for traders.
FAQs
1. Why are SHIB whale transactions declining?
Whales are likely hedging risks ahead of macroeconomic uncertainty, particularly U.S. inflation data.
2. What does SHIB’s price above the 100-day SMA indicate?
This suggests strengthening bullish sentiment, though sustained volume is critical for further gains.
3. How might the CPI data affect SHIB’s price?
A higher CPI could trigger short-term volatility, but SHIB’s retail-driven momentum may cushion severe drops.
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Analyst Insights
CoinDesk Analytics combines AI and human expertise to deliver real-time crypto market reports. All content undergoes editorial review to ensure accuracy.
Omkar Godbole, CMT and CoinDesk’s Markets Editor, notes:
"Tariff-related inflation has been anticipated, but confirmation could still spur tactical market adjustments."
Keywords: SHIB price prediction, Shiba Inu whale activity, U.S. inflation data, crypto market trends, 100-day SMA, retail investors, CPI impact
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