SHIB price increased by 2% in the last 24 hours to reach $0.0000194. Although this may seem like a positive development at first glance, it is necessary to look at a wider time period. SHIB, which rose to $0.00002 on July 16, fell to $0.0000187 within a few hours. This rapid rise and fall is a typical example of how volatile the SHIB price can be.

One of the important factors affecting this volatility in price movements is large investors called “whales”. These investors, who make millions of dollars in trades in the cryptocurrency market, can significantly influence the market.

Data provided by Santiment reveals that the number of whale transactions trading at least $100,000 in SHIB increased by 121% in the last 24 hours. This shows that large investors’ interest in the SHIB market has increased. However, increased whale activity may not always be a positive development.

Buying and selling in large amounts by whales may disrupt the supply-demand balance and cause sudden price movements. Despite daily trading volume decreasing by 27% in the last 24 hours, whale activity is increasing, suggesting that the SHIB price may face high volatility in the future. This may also open the door to potential price manipulations.

It is important not to focus only on short-term price movements when making investment decisions. It is necessary to develop long-term investment strategies and understand market dynamics. Santiment’s data shows that SHIB’s total open position decreased compared to the previous day and funding rates fell below zero. This may indicate that the number of investors in the market who predict that the price will decrease is increasing. However, the market does not always act according to predictions.

If the SHIB price moves up more than 5%, significant liquidation may occur for investors who open short positions anticipating that the price will fall. This situation may push the price up with new investors suddenly entering the market.

The fact that SHIB’s Relative Strength Index (RSI) value is around 61 indicates that the coin is approaching the overbought zone. If the RSI value drops to 50 or below, this could be a signal that the SHIB price may start to rise again. However, evaluating this indicator alone may be misleading.

In addition to technical analysis, fundamental analysis is also important. What are the uses of SHIB? At what stage is the project? What are your future plans? The answers to these questions play an important role in guiding investment decisions.

SHIB is expected to follow a volatile price chart in the coming period. It would be a healthier approach for investors to follow long-term market trends, SHIB’s usage areas and project developments rather than short-term price movements.

Considering these factors and avoiding hasty decisions will help investors make informed investment decisions. Remember, the cryptocurrency market is very active and carries high risk. Always do your own research before investing and never invest amounts you cannot afford to lose.