The post Shiba Inu price prediction – All about THIS risky buying opportunity for traders! appeared on BitcoinEthereumNews.com. Key Takeaways Shiba Inu has been trading above a solid demand zone that bulls need to defend. However, the weekly price chart revealed that sellers may have the upper hand right now.  Shiba Inu’s [SHIB] price has been consolidating above the key demand zone at $0.000012 since mid-August. In fact, a recent AMBCrypto report noted that whales have been accumulating SHIB too. Source: Glassnode That’s not all though as the exchange net position change has been negative since 17 August. Here, negative flows represent outflows from exchanges – A classic sign of accumulation. Source: Glassnode The cost basis distribution heatmap is a visualization of the supply density of SHIB across price levels. Warmer colors represent a greater supply acquired at that cost. The $0.000012 area represented a key demand zone, since it was where a sizeable amount of Shiba Inu has been acquired in recent months. Therefore, bulls have to defend this key support if they want to drive a rally in the coming weeks. Can Shiba Inu’s price stay above $0.000012, or should traders expect a southbound move? Shiba Inu likely to drop 15% to weekly range lows Source: SHIB/USDT on TradingView The weekly chart revealed that Shiba Inu has traded within a range (purple) from $0.0000106 to $0.000016. It has consolidated within a smaller range too, between $0.00012 and $0.000014. If the $0.000012 support fails, SHIB is likely to fall to its weekly range lows. This is a possibility traders and investors should be prepared for. The OBV made a new low on the weekly charts, signaling seller strength. The RSI was unable to push past the neutral 50-level – Another sign of weakness from the bulls. Source: SHIB/USDT on TradingView Finally, the 1-day chart did not show any strength from the market’s buyers. In fact, the descending… The post Shiba Inu price prediction – All about THIS risky buying opportunity for traders! appeared on BitcoinEthereumNews.com. Key Takeaways Shiba Inu has been trading above a solid demand zone that bulls need to defend. However, the weekly price chart revealed that sellers may have the upper hand right now.  Shiba Inu’s [SHIB] price has been consolidating above the key demand zone at $0.000012 since mid-August. In fact, a recent AMBCrypto report noted that whales have been accumulating SHIB too. Source: Glassnode That’s not all though as the exchange net position change has been negative since 17 August. Here, negative flows represent outflows from exchanges – A classic sign of accumulation. Source: Glassnode The cost basis distribution heatmap is a visualization of the supply density of SHIB across price levels. Warmer colors represent a greater supply acquired at that cost. The $0.000012 area represented a key demand zone, since it was where a sizeable amount of Shiba Inu has been acquired in recent months. Therefore, bulls have to defend this key support if they want to drive a rally in the coming weeks. Can Shiba Inu’s price stay above $0.000012, or should traders expect a southbound move? Shiba Inu likely to drop 15% to weekly range lows Source: SHIB/USDT on TradingView The weekly chart revealed that Shiba Inu has traded within a range (purple) from $0.0000106 to $0.000016. It has consolidated within a smaller range too, between $0.00012 and $0.000014. If the $0.000012 support fails, SHIB is likely to fall to its weekly range lows. This is a possibility traders and investors should be prepared for. The OBV made a new low on the weekly charts, signaling seller strength. The RSI was unable to push past the neutral 50-level – Another sign of weakness from the bulls. Source: SHIB/USDT on TradingView Finally, the 1-day chart did not show any strength from the market’s buyers. In fact, the descending…