Is Shiba Inu's Price Recovery Sustainable? Market Maker Interest Wanes
Shiba Inu (SHIB) has experienced a rollercoaster ride, with recent price fluctuations leaving investors wondering about its long-term prospects. While there have been signs of recovery, concerns are growing about whether market makers are losing interest.
Shiba Inu’s price dropped 7.4%, reaching $0. amid economic uncertainties affecting cryptocurrencies. Despite this volatility, April 2025 saw an addition of According to Javon Marks, a crypto market analyst, Shiba Inu price has recently broke above a long-term resistance trendline. As stated by Marks, a close above this trendline could signal further upward momentum, potentially boosting investor confidence.
However, not all indicators paint a bullish picture. As of December 30, SHIB futures OI decreased to $51.84 million, signaling reduced market interest. In the last 24 hours, SHIB’s price decreased by 3%, dropping to $0. . This decrease in Open Interest suggests that fewer traders are opening new positions in SHIB futures, reflecting a potential decline in speculative activity and overall market enthusiasm.
In keeping with the pessimistic outlook, SHIB has seen a dramatic drop in investor confidence and market activity, losing almost 60% of its trading volume. Large holders, also known as whales Hace 1 día, play a crucial role in SHIB's price movement. Their reduced activity could be contributing to the lower trading volumes and price stagnation. These market dynamics pushed SHIB's price to remain fairly constrained, despite broader market gains.
Technical Analysis Highlights: SHIB saw volatility with price oscillating. This volatility makes it crucial to monitor key support and resistance levels. While a breakout above the long-term resistance trendline, as highlighted by Javon Marks, is a positive signal, the declining futures OI and reduced trading volume suggest caution.
Conclusion: While Shiba Inu's price may experience periods of recovery, the decrease in futures open interest and the significant drop in trading volume indicate that market makers and investors may be losing interest. Investors should closely monitor these metrics and conduct thorough research before making any investment decisions regarding SHIB.