Shiba Inu Price Holds Range as Whales Accumulate Amid Aoki Exit: Details

Key Insights:

• Shiba Inu price remains range-bound as volume and open interest decline.
• Whales accumulated over 2 trillion SHIB while exchange reserves hit lows.
• A short-term golden cross formed, but higher timeframe resistance remains key.

Shiba Inu price remains under pressure even as on-chain activity points to quiet accumulation. SHIB is trading around $0.000005826, having lost momentum, whereas larger-cap coins have shown a more impressive recovery. Meanwhile, Steve Aoki sold his final long-held SHIB share, although whale wallets continued to add over 2 trillion tokens, and exchange reserves hit new lows.

Shiba Inu Price Stays Weak as Market Participation Cools

Shiba Inu price has struggled to keep pace with the broader market recovery. The token slipped slightly over the past 24 hours and continued to consolidate near the lower end of its recent range. That weakness has also cost SHIB its position as the second-largest meme coin by market value.

Trading activity has softened as well. Spot volume fell 16% over the same period, indicating traders remain cautious. Open interest also dropped 8% to 9.37 trillion SHIB, or about $56.24 million, suggesting both spot and derivatives traders have reduced exposure.

That softer participation reflects a market still waiting for direction. SHIB is not experiencing the widespread panic, though it is not gaining strong capital momentum either. As a result, price has remained trapped while other tokens post stronger rebounds.

Lower activity also affects breakout timing. A range can hold longer when both volume and open interest cool. For now, Shiba Inu price remains in that low-energy phase, even though some short-term signals have started to improve.

Short-term Golden Cross Appears

On the 30-minute chart, SHIB recently printed a golden cross. That happened when the 50-period moving average moved above the 200-period average. SHIB price recorded its biggest green candle of the day at the crossover and increased by 1.35%.

That signal suggests short-term buying momentum improved briefly. The crossover still holds, but the price has already declined from its intraday high of around $0.00000603. This leaves the signal intact, yet not yet fully verified by follow-through.

Other traders are sensitive to golden crosses in lower time frames. These signals can fade quickly, especially when the price remains locked inside a broader range. The same can happen with a death cross because, as momentum declines again, it can form just as quickly.

Still, the more important thing is the higher-timeframe structure. In the daily chart, Shiba Inu price has been trading within a channel since the 11th of March. Within that 35-day range, SHIB has oscillated between upper resistance and lower support, without establishing a clear trend.

Aoki Exits as Whales Move the Other Way

While SHIB price stayed stuck, one high-profile holder closed his chapter. On April 13, blockchain trackers indicated that Steve Aoki sold his final Shiba Inu holding. His wallet sent out 1.785 billion SHIB, worth about $10,340, and also swapped 7.248 ETH for roughly $15,920, with the combined proceeds landing at Gemini.

That exit totaled about $29,650 and effectively ended a position he had held since the 2021 cycle. No public statement followed, but the wallet data clearly showed the move. It was also timely since he had already sold a PEPE position in late March.

But the larger narrative was going the other way. Since April 1, whale wallets have accumulated 2.02 trillion SHIB, worth about $12.16 million. On April 13 alone, 89 billion SHIB were moved off centralized exchanges, and exchange reserves fell to an all-time low of around 81 trillion tokens.

Meanwhile, the current range still defines the chart. If bears keep control, Shiba Inu price may retest support near $0.00000562. Any loss of that level might reveal lower targets of $0.00000523 and subsequently $0.0000050.

More so, a new rise in the power of the present zone will bring SHIB price back to the upper limit around $0.00000625. Any further breakout would focus on $0.00000644 first. The February 14 lower high of around $0.00000725 is the next significant resistance.

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