Shiba Inu's price movement has been trading within a range recently, but despite declining trading volume, large investors are steadily increasing their holdings. Currently, the Shiba Inu cost seems to be around $0.000005826, but overall, the market continues to show weak momentum.

What’s concerning is that since early April, whale wallets have been steadily accumulating over 2 trillion SHIB, while well-known holders are actually selling off. Notably, Steve Aoki sold all his remaining Shiba Inu holdings after holding them for years, which is quite symbolic. But looking at the overall market, it might be providing some support for the SHIB price.

Since exchange reserves have fallen to their lowest levels ever, this could be a sign of buying pressure. In the short term, a golden cross has appeared on the 30-minute chart, but it’s not yet a definitive signal. On the daily chart, the price has been moving within a channel since March 11, with resistance around $0.00000625 and support near $0.00000562.

Shiba Inu’s price movement is currently in a range with no clear direction. Until volume returns, it’s likely that this price range will persist. The tug-of-war between large buy-ins and well-known holders selling off seems poised to influence the near-term price action.