{"id":12706,"date":"2026-09-02T10:32:13","date_gmt":"2026-09-02T10:32:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12706"},"modified":"2026-09-02T10:32:13","modified_gmt":"2026-09-02T10:32:13","slug":"shiba-inu-holds-above-key-support-as-whale-selling-raises-downside-risk","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12706","title":{"rendered":"Shiba Inu holds above key support as whale selling raises downside risk"},"content":{"rendered":"
<\/p>\n
\n
\n
\n\n<\/picture> <\/div>\n<\/p><\/div>\n
Key takeaways<\/span><\/p>\n
\n
Shiba Inu trades near $0.00000516 after rebounding almost 4% earlier this week.<\/span><\/li>\n
Whale wallets holding between 1 million and 100 million SHIB have sold a combined 40 billion tokens since August 22.<\/span><\/li>\n
Smaller whales accumulated 990 million SHIB over the same period.<\/span><\/li>\n
SHIB\u2019s long-to-short ratio of 0.93 signals bearish positioning in the derivatives market.<\/span><\/li>\n<\/ul>\n
Shiba Inu traded around $0.00000516 on Wednesday after recovering nearly 4% earlier in the week.<\/span><\/p>\n
Despite the rebound, whale selling and weakening derivatives data suggest that traders remain cautious about the dog-themed memecoin\u2019s short-term outlook.<\/span><\/p>\n
SHIB continues to hold above its 50-day exponential moving average, but growing selling pressure could increase the risk of another decline.<\/span><\/p>\n
Large SHIB whales reduce their holdings<\/span><\/h2>\n
Santiment\u2019s Supply Distribution data signals a bearish shift among some of Shiba Inu\u2019s largest holders.<\/span><\/p>\n
Wallets containing between 1 million and 10 million SHIB and those holding between 10 million and 100 million tokens have collectively sold 40 billion SHIB since August 22.<\/span><\/p>\n
The selling followed SHIB\u2019s recent price recovery and may indicate that larger holders are taking profits rather than positioning for an immediate extension of the rally.<\/span><\/p>\n
Sustained whale distribution could place additional supply on the market and make it more difficult for SHIB to maintain its upward momentum.<\/span><\/p>\n
While larger wallets reduced their positions, smaller whales moved in the opposite direction.<\/span><\/p>\n
Addresses holding between 100,000 and 1 million SHIB accumulated approximately 990 million tokens during the same period.<\/span><\/p>\n
The contrasting behavior indicates a transfer of supply from larger holders to smaller participants. However, the amount accumulated by smaller whales remains substantially below the 40 billion SHIB sold by the larger groups.<\/span><\/p>\n
This imbalance suggests that new demand may not be strong enough to fully absorb the tokens being distributed by bigger holders.<\/span><\/p>\n
Shiba Inu\u2019s derivatives market also points to cautious sentiment. CoinGlass data showed that SHIB\u2019s long-to-short ratio stood at 0.93 on Wednesday.\u00a0<\/span><\/p>\n
A reading below 1 means short positions outnumber long positions, indicating that more traders expect the token\u2019s price to fall.<\/span><\/p>\n
CryptoQuant\u2019s data presents a similarly cautious picture. SHIB\u2019s spot and futures markets are showing signs of heightened activity, while the futures market has recorded large whale orders following the recent price increase.<\/span><\/p>\n
Other indicators remain neutral, leaving the broader outlook mixed rather than decisively bearish.<\/span><\/p>\n
SHIB rebounds from the 50-day EMA<\/span><\/h2>\n
SHIB\u2019s nearly 4% recovery followed a retest of its 50-day EMA near $0.00000489. This moving average is currently the token\u2019s most important near-term support. Its ability to attract buyers during the recent decline suggests that demand remains present at lower levels.<\/span><\/p>\n
If SHIB holds above this support and buying pressure increases, the recovery could extend toward the 200-day EMA at $0.00000569.<\/span><\/p>\n
A breakout above the 200-day EMA would strengthen the bullish case and could encourage traders to target higher resistance levels.<\/span><\/p>\n
Shiba Inu\u2019s momentum indicators reflect uncertainty among traders. The Relative Strength Index stands at 54 on the daily chart and continues to rise.\u00a0<\/span><\/p>\n
Its position above the neutral level of 50 indicates that bullish momentum is gradually improving.<\/span><\/p>\n
However, the Moving Average Convergence Divergence indicator produced a bearish crossover on Sunday. Expanding red histogram bars also suggest that downward momentum remains active.<\/span><\/p>\n
The disagreement between the RSI and MACD supports a cautious outlook as SHIB consolidates between its key moving averages.<\/span><\/p>\n
<\/p>\n
If selling pressure increases, SHIB could fall back toward the 50-day EMA at $0.00000489.<\/span><\/p>\n
A decisive daily close below this level would weaken the recovery and could expose the token to a deeper correction.<\/span><\/p>\n
Conversely, continued support above the 50-day EMA could allow buyers to challenge the 200-day EMA at $0.00000569.<\/span><\/p>\n
SHIB\u2019s next significant move will likely depend on whether retail demand can absorb continued whale selling and reverse the bearish positioning visible in the derivatives market.<\/span><\/p>\n
Key takeaways Shiba Inu trades near $0.00000516 after rebounding almost 4% earlier this week. Whale wallets holding between 1 million and 100 million SHIB have sold a combined 40 billion tokens since August 22. Smaller whales accumulated 990 million SHIB over the same period. SHIB\u2019s long-to-short ratio of 0.93 signals bearish positioning in the derivatives<\/p>\n","protected":false},"author":1,"featured_media":12707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12706","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
Shiba Inu holds above key support as whale selling raises downside risk - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Shiba Inu holds above $0.00000489 support, but whale selling and bearish derivatives data raise the risk of another SHIB price correction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12706\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu holds above key support as whale selling raises downside risk\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu holds above $0.00000489 support, but whale selling and bearish derivatives data raise the risk of another SHIB price correction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12706\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-02T10:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1672\" \/>\n\t<meta property=\"og:image:height\" content=\"941\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12706\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12706\",\"name\":\"Shiba Inu holds above key support as whale selling raises downside risk - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12706#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12706#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png\",\"datePublished\":\"2026-09-02T10:32:13+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Shiba Inu holds above $0.00000489 support, but whale selling and bearish derivatives data raise the risk of another SHIB price correction.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12706#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=12706\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12706#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png\",\"width\":1672,\"height\":941},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12706#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu holds above key support as whale selling raises downside risk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Shiba Inu holds above key support as whale selling raises downside risk - Crypto News: Latest Cryptocurrency News and Analysis","description":"Shiba Inu holds above $0.00000489 support, but whale selling and bearish derivatives data raise the risk of another SHIB price correction.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=12706","og_locale":"en_US","og_type":"article","og_title":"Shiba Inu holds above key support as whale selling raises downside risk","og_description":"Shiba Inu holds above $0.00000489 support, but whale selling and bearish derivatives data raise the risk of another SHIB price correction.","og_url":"https:\/\/cryptonews.uk.com\/?p=12706","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-09-02T10:32:13+00:00","og_image":[{"width":1672,"height":941,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png","type":"image\/png"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=12706","url":"https:\/\/cryptonews.uk.com\/?p=12706","name":"Shiba Inu holds above key support as whale selling raises downside risk - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=12706#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=12706#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png","datePublished":"2026-09-02T10:32:13+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Shiba Inu holds above $0.00000489 support, but whale selling and bearish derivatives data raise the risk of another SHIB price correction.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=12706#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=12706"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=12706#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png","width":1672,"height":941},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=12706#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu holds above key support as whale selling raises downside risk"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/12706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12706"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/12706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/12707"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-2-2026-10_32_18-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"SHIB\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/SHIBUSD_2026-09-02_10-33-36.png\")
<\/p>\n