Shiba Inu (SHIB) surrendered part of a 37% two-day surge this week, sending traders back toward an unfilled price gap between $0.0000042 and $0.00000485.
Key Points:
- Shiba Inu gave back much of a 37% two-day rally that began late last week.
- Blockchain analytics firm Santiment counted 52 whale transactions above $100,000 on Jul. 26, the most since Mar. 31.
- Futures open interest fell 13.79% in 24 hours as traders closed out positions.
Shiba Inu Price Retreats From Weekend High
SHIB changed hands near $0.00000498 late Monday, down roughly 3% on the day but still up about 17% over the week. The token had touched $0.00000580 earlier in the session before sellers stepped in, ending a climb that started on Friday.
Trading volume has since fallen more than 60%, to around $271 million.
That retreat followed a run that carried Shiba Inu from a Friday low of $0.00000421 to a Sunday high of $0.00000583, its best level since May.
The move briefly returned the memecoin to the top 25 by market value and made it the strongest performer among the 50 largest coins.
Buying came mostly from the spot market. Net spot inflows topped $5 million on Saturday, the largest single day in more than nine months. Active addresses nearly doubled over the prior week, rising from about 1,630 on Jul. 19 to more than 3,150 by Jul. 25.
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Santiment Flags Shiba Inu Whale Selling
Blockchain analytics firm Santiment said large holders sold into the advance rather than adding to it, a pattern the firm treats as a warning rather than a sign of durable demand. It recorded 52 transactions worth at least $100,000 on Jul. 26, the highest daily count since Mar. 31.
Social dominance, a measure of how much of the crypto conversation a token commands, reached 0.084% around the same time. The firm argued that "smaller traders chased the excitement near the top," handing whales the liquidity they needed to cut exposure. Futures open interest fell 13.79% over 24 hours to $55.53 million.
SHIB Support Levels Traders Watch Next
Analysts put first support at the 100-day exponential moving average near $0.00000500, with the 200-day line close to $0.00000600 standing as the next barrier overhead. Long positions were flushed during the pullback, and the RSI has cooled from overbought territory.
Shiba Inu lost roughly a quarter of its value in June and spent early July drifting near multi-year lows.
Analysts have tied the sudden reversal to heavier token burns, South Korean exchange demand and rising Shibarium activity.
A drop back under $0.00000445 would erase most of what the weekend delivered.
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