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.
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OvertimeSquid
· 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?
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Doing multiple long positions sounds good, but I'm just worried it's another trap to cut leeks.
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Support level 2.18%... Forget it, I'll stay on the sidelines. This move is too risky.
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On-chain data is so strong, why is it still dragging? When will it break out, everyone?
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It's again a resistance structure, support and resistance levels. Honestly, I don't understand it. Just waiting for the right moment.
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The destruction mechanism is useless; if the overall market doesn't rise, all efforts are pointless.
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Near the support level? Uh, I already bought higher... Now I'm in deep loss.
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The influx of whales might be the last bagholders. Anyway, I don't believe anymore.
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ProbablyNothing
· 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.
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GateUser-7b078580
· 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.
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GasFeeSobber
· 4h ago
Large investors entering with such a small increase, feels a bit disappointing.
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Again, layering positions and stop-losses, after all this talk, isn't it just gambling?
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The destruction mechanism has been hyped for so long, when will it actually take effect?
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Those support level data, every time they say it's useful, it ends up collapsing. Believe it or not, I don't.
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Wait, a 2.18% support distance, can it really hold?
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On-chain data flooding in just means the price can go up? That's too naive, everyone.
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Another reason to chase the high, be careful of getting stuck with the bags.
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Is this accumulation signal reliable? Has anyone really made a profit from it?
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Layered positioning sounds professional, but actually, no one knows when to enter.
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SHIB is always accumulating, always waiting for a breakout, but what’s the result?
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TopEscapeArtist
· 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.
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TokenCreatorOP
· 5h ago
Is this all the movement when big players enter? It doesn't seem like a big deal to me.
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.