SHIB has surged 30% since the beginning of the year. At first glance, it appears to be another meme coin rally, but looking deeper into the details, the logic behind this movement is far more complex than the surface suggests.
From a technical perspective, the price has solidly established itself above short-term moving averages, with sustained buy-side entry. RSI values are in a strong zone but show slight signs of overheating. The issue here is: while the gains have come quickly, can market sentiment keep pace? Current characteristics are more aligned with concentrated short-term capital activity.
On-chain data reveals another signal — mid-sized wallets holding 1,000 to 100,000 SHIB are continuously accumulating, acting as invisible drivers behind this rally. In contrast, large holders remain cautious, while retail investors appear more laid-back.
Looking at the ecosystem, transaction volume on Shibarium is steadily climbing, and BONE token fees have spiked multiple times, indicating that actual on-chain usage enthusiasm remains intact.
In summary, this upswing is supported by dual forces of momentum and mid-tier capital. Whether it can go further ultimately depends on whether ecosystem applications can sustain their rising heat.
Mid-tier funds are playing around, whales are just watching the show, and retail investors should just go eat... this is what SHIB looks like right now.
To be frank, it all comes down to whether Shibarium can hold up. Otherwise, it's just hype with no substance.
RSI is overheated. Watch out for getting trapped by quick-in-quick-out traders, guys.
A 30% surge sounds impressive, but if you can't keep pace with the momentum, you'll give back those gains in seconds. That's the fate of playing ecosystem tokens.
Feels like mid-tier wallets are the real smart money. The whales are all hiding.
Ecosystem momentum is king. Without it, nothing else matters.
Another round of short-term capital frenzy? I'll bet five bucks this wave won't last long.
SHIB has surged 30% since the beginning of the year. At first glance, it appears to be another meme coin rally, but looking deeper into the details, the logic behind this movement is far more complex than the surface suggests.
From a technical perspective, the price has solidly established itself above short-term moving averages, with sustained buy-side entry. RSI values are in a strong zone but show slight signs of overheating. The issue here is: while the gains have come quickly, can market sentiment keep pace? Current characteristics are more aligned with concentrated short-term capital activity.
On-chain data reveals another signal — mid-sized wallets holding 1,000 to 100,000 SHIB are continuously accumulating, acting as invisible drivers behind this rally. In contrast, large holders remain cautious, while retail investors appear more laid-back.
Looking at the ecosystem, transaction volume on Shibarium is steadily climbing, and BONE token fees have spiked multiple times, indicating that actual on-chain usage enthusiasm remains intact.
In summary, this upswing is supported by dual forces of momentum and mid-tier capital. Whether it can go further ultimately depends on whether ecosystem applications can sustain their rising heat.