ປາວານ ETH ທີ່ຖື SHIB ຍັງຄົງບໍ່ພ່າຍແພ້ແຕ່ການສະສົມ 350%…

Ethereum [ETH] whales have been all over Shiba Inu [SHIB] accumulation despite uncertainties across the entire crypto market. In fact, the meme token leads every other ETH whale token in a manner that looks unbeatable. 

ອີງຕາມຫລ້າສຸດ ສະຖິຕິປາວານ revelation, SHIB comes top among the top 500 ETH whale holdings with a $625 million value over second-placed ທີ່ດີທີ່ສຸດ, worth almost $200 million.

? ສູງສຸດ 500 # ທ whales ແມ່ນ hodling

$652,266,930 $ SHIB
$198,967,736 $BEST
$147,620,444 $cETH
$138,116,301 $ MANA
$131,728,273 $ MATIC
$121,347,216 $CHSB
$111,742,070 $ ລິ້ງ
$108,695,792 $BCHC

ກະດານຈັດອັນດັບປາວານ ?https://t.co/tgYTpOm5ws pic.twitter.com/5w1o3UOxTz

— WhaleStats (ຂໍ້​ມູນ​ຟຣີ​ກ່ຽວ​ກັບ​ປາ​ວານ crypto​) (@WhaleStats​) ສິງຫາ 9, 2022

However, a concern for SHIB traders and investors would be the coin’s inability to transform this unending increase into a superb price performance.  

Why the hold-up?

One would have expected that the whale influence could have produced exceptional rallies like the influence developments had on ອັດຕາການໄຫລ ແລະ ການເຊື່ອມຕໍ່ລະບົບຕ່ອງໂສ້ [LINK].

Santiment data showed that there had been ເພີ່ມຂຶ້ນ volume into SHIB lately. However, it has been in swinging mode with no stable directional momentum.

On 1 August, it was as high as 643.32 million. However, it went on a downward trend to reach 357.60 million on 5 August. While traders might have hoped for another volume uptick, it went further down to 197.21 million yesterday (8 August).

ແຫຼ່ງຂໍ້ມູນ: Santiment

The ups and downs also affected the SHIB social dominance—skyrocketing and declining in intervals. At press time, both the volume and social dominance had increased, leading SHIB to a 0.10% price uptick. 

One surprising aspect is how a 350% volume increase in the last 24 hours only offered a negligible price increase. 

Another confusion that may have held SHIB investors in awe is the active deposits and addresses. Data ຢືນຢັນ that it was only on rare occasions that SHIB significantly increased in these aspects.

According to Santiment, the last time SHIB 24-hour active addresses surged was on 2 August, when active addresses almost hit 21,000. As for active deposits, it was not encouraging for investor expectations. 

ແຫຼ່ງຂໍ້ມູນ: Santiment

Hopes yet or…

Based on the SHIB four-hour chart, there seems to be some hope for a sustainable rally. After hitting $0.000013 on 20 July, SHIB has not maintained green levels for long. However, the Relative Strength Index (RSI) looks prime for continued green candles.  

ແຫຼ່ງຂໍ້ມູນ: TradingView

Also, the 20-day Exponential Moving Average (EMA) remained above the 50 EMA (orange), indicating that the buyers were not ready to succumb to selling pressure. The 200 EMA (white) remained in an upward direction with the possibility of a price uptick in the long term.