SHIB has recently shown clear accumulation signals. On-chain data reflects continuous inflows of funds from large holders, and market sentiment is gradually warming. From a fundamental perspective, the ongoing token burn mechanism is expected to tighten circulating supply in the short term, providing substantial support for the price.



From a technical standpoint, SHIB is currently fluctuating near a key support level, forming a clear pressure structure with resistance above. The support level is approximately 2.18% away from the 1-hour baseline, and the resistance level is approaching the trigger zone.

Strategically, consider gradually building long positions near the support level, setting stop-losses below the support to manage risk. The combined effect of technical indicators and on-chain momentum may provide directional guidance for subsequent market movements. Caution is still advised in market timing to avoid chasing highs.
SHIB5,04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
OvertimeSquidvip
· 4h ago
Whales entering the market is indeed interesting this time, but how long has the destruction mechanism been hyped... Can it really save SHIB? --- Doing multiple long positions sounds good, but I'm just worried it's another trap to cut leeks. --- Support level 2.18%... Forget it, I'll stay on the sidelines. This move is too risky. --- On-chain data is so strong, why is it still dragging? When will it break out, everyone? --- It's again a resistance structure, support and resistance levels. Honestly, I don't understand it. Just waiting for the right moment. --- The destruction mechanism is useless; if the overall market doesn't rise, all efforts are pointless. --- Near the support level? Uh, I already bought higher... Now I'm in deep loss. --- The influx of whales might be the last bagholders. Anyway, I don't believe anymore.
View OriginalReply0
ProbablyNothingvip
· 4h ago
Large investors are accumulating, and the destruction mechanism is progressing. It sounds good, but I feel like we should wait until breaking the resistance level before taking action.
View OriginalReply0
GateUser-7b078580vip
· 4h ago
Data shows that big players are accumulating, but I've heard this explanation too many times... Let's wait and see, the historical lows haven't appeared yet.
View OriginalReply0
GasFeeSobbervip
· 4h ago
Large investors entering with such a small increase, feels a bit disappointing. --- Again, layering positions and stop-losses, after all this talk, isn't it just gambling? --- The destruction mechanism has been hyped for so long, when will it actually take effect? --- Those support level data, every time they say it's useful, it ends up collapsing. Believe it or not, I don't. --- Wait, a 2.18% support distance, can it really hold? --- On-chain data flooding in just means the price can go up? That's too naive, everyone. --- Another reason to chase the high, be careful of getting stuck with the bags. --- Is this accumulation signal reliable? Has anyone really made a profit from it? --- Layered positioning sounds professional, but actually, no one knows when to enter. --- SHIB is always accumulating, always waiting for a breakout, but what’s the result?
View OriginalReply0
TopEscapeArtistvip
· 4h ago
Here we go again with this set? Support levels, resistance levels, pressure structures... The last time I heard this kind of talk, I bought in at the all-time high and I'm still trapped. Thanks everyone.
View OriginalReply0
TokenCreatorOPvip
· 5h ago
Is this all the movement when big players enter? It doesn't seem like a big deal to me.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)