Market
Can the Rally Last Amid Whale Hesitation?

SHIB price has been on the move recently, with a sharp rise in its 7-day MVRV ratio indicating that many holders are in profit. Whale activity has been cautious, with only modest accumulation, which could limit further price gains. Although SHIB’s EMA lines are bullish, with a golden cross forming, the token faces strong resistance ahead.
These factors together suggest that SHIB’s current rally may face challenges sustaining momentum.
SHIB 7D MVRV Hints at Correction
As one of the leading meme coins, Shiba Inu recently saw its 7-day Market Value to Realized Value (MVRV) ratio jump sharply from 3.1% to 9.57% in just 24 hours, alongside a 12% price surge. This spike indicates that a significant portion of SHIB holders are now in profit. The MVRV ratio measures the average gains or losses of tokens in circulation relative to their acquisition prices over the last seven days, helping gauge short-term profitability.
When the MVRV ratio increases, it often signals that more investors are in the green, which can lead to profit-taking behavior. The 7-day MVRV Ratio is a critical metric for assessing short-term market sentiment. A high ratio suggests that the asset may be overbought, indicating the potential for a price correction.
Read more: 6 Best Platforms To Buy Shiba Inu (SHIB) in 2024

Historically, SHIB’s MVRV ratio crossing the 9% mark has been a precursor to major pullbacks. The last two times SHIB’s 7D MVRV ratio exceeded this level, the token experienced significant corrections of 50% and 18% in the following weeks.
Given this historical context, while the recent price jump may appear bullish, it could also signal that SHIB price is entering a phase of heightened risk for a potential sell-off.
Whales Are Not Accumulating A Lot Of SHIB
Now, let’s analyze the movement of whales in relation to Shiba Inu. From the end of July to mid-August, whales offloaded large amounts of SHIB, coinciding with a 42% drop in price over the course of three weeks.
Analyzing whale activity is important because these large holders have significant market influence. Their transactions often signal shifts in trends. When whales dump tokens, it can suggest they are expecting a price decline. On the other hand, their accumulation is generally seen as a bullish indicator, showing confidence in future price increases.

While whales began accumulating SHIB again at the end of August, this accumulation was short-lived, and they quickly dropped their holdings again. In recent days, we’ve seen some accumulation of SHIB by whales. However, the scale of this accumulation has been relatively modest compared to previous periods.
This suggests that the recent price pump might not last long, or at the very least, that whales are not fully convinced of the strength behind the current rally. The cautious accumulation from whales signals that they are still unsure. This could indicate potential instability or a lack of confidence in the longevity of the recent upward movement.
SHIB Price Prediction: Can It Break Into $0.0002?
SHIB Exponential Moving Average (EMA) lines are currently showing a bullish trend, with a golden cross forming just a few days ago. The golden cross is a widely regarded bullish signal in technical analysis. It occurs when a short-term EMA crosses above a long-term EMA.
EMA lines differ from simple moving averages by giving more weight to recent price data. When the shorter EMA is above the longer one, it indicates bullish momentum, as buyers are pushing prices higher. Conversely, a bearish signal occurs when the short-term EMA falls below the long-term EMA, signaling downward pressure.
While SHIB’s EMA lines look promising and point to a potential continuation of the upward trend, there are strong resistance levels ahead at $0.0001763 and $0.0001846. These resistance zones have historically been tough barriers for SHIB.
Read more: Shiba Inu (SHIB) Price Prediction 2024/2025/2030

Breaking through them is crucial for the coin to test the $0.0002 mark. If these levels are breached, SHIB could experience a new wave of buying pressure, pushing the price toward higher highs.
If the MVRV ratio continues to put pressure on the market, and whales maintain their cautious stance, there’s a risk that SHIB’s upward trend could reverse. In that scenario, SHIB could find itself testing critical support levels at $0.00015 and $0.00013, as meme coins are currently trying to get back to the hype from previous months.
A breakdown of these support levels could lead to a bearish shift in market sentiment, undoing much of the recent gains.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum Price Recovery Stalls—Bears Keep Price Below $2K

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Ethereum price attempted a recovery wave above the $1,880 level but failed. ETH is now trimming all gains and remains below the $1,880 resistance zone.
- Ethereum failed to stay above the $1,850 and $1,880 levels.
- The price is trading below $1,850 and the 100-hourly Simple Moving Average.
- There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must clear the $1,865 and $1,890 resistance levels to start a decent increase.
Ethereum Price Fails Again
Ethereum price managed to stay above the $1,800 support zone and started a recovery wave, like Bitcoin. ETH was able to climb above the $1,850 and $1,880 resistance levels.
The bulls even pushed the price above the $1,920 resistance zone. However, the bears are active near the $1,950 zone. A high was formed at $1,955 and the price trimmed most gains. There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD.
A low was formed at $1,781 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low.
Ethereum price is now trading below $1,850 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. The next key resistance is near the $1,865 level and the 50% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low.

The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term.
Another Decline In ETH?
If Ethereum fails to clear the $1,865 resistance, it could start another decline. Initial support on the downside is near the $1,800 level. The first major support sits near the $1,780 zone.
A clear move below the $1,780 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,620.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $1,780
Major Resistance Level – $1,865
Market
Cardano (ADA) Downtrend Deepens—Is a Rebound Possible?

Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses.
- ADA price failed to recover above the $0.70 resistance zone.
- The price is trading below $0.680 and the 100-hourly simple moving average.
- There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken).
- The pair could start another increase if it clears the $0.70 resistance zone.
Cardano Price Dips Again
In the past few days, Cardano saw a recovery wave from the $0.6350 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.680 and $0.6880 resistance levels.
However, the bears were active above the $0.70 zone. A high was formed at $0.7090 and the price corrected most gains. There was a move below the $0.650 level. Besides, there was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair.
A low was formed at $0.6356 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average.
On the upside, the price might face resistance near the $0.6720 zone or the 50% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. The first resistance is near $0.6950. The next key resistance might be $0.700.
If there is a close above the $0.70 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7420 region. Any more gains might call for a move toward $0.7650 in the near term.
Another Drop in ADA?
If Cardano’s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6420 level.
The next major support is near the $0.6350 level. A downside break below the $0.6350 level could open the doors for a test of $0.620. The next major support is near the $0.60 level where the bulls might emerge.
Technical Indicators
Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.
Major Support Levels – $0.6420 and $0.6350.
Major Resistance Levels – $0.6720 and $0.7000.
Market
XRP Price Under Pressure—New Lows Signal More Trouble Ahead

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