- Whale secures $109M profit from $SHIB, emphasizing early investment’s crypto potential.
- Shiba Inu’s RSI at 40.90 signals nearing oversold but lacks strong buy confirmation.
- $SHIB 2025 forecast sees a $0.0000998 peak amid volatility and broader crypto trends.
A cryptocurrency whale recently sold 250 billion Shiba Inu tokens ($SHIB) valued at $6.05 million, locking in substantial profits. As per Lookonchain data, this investor initially spent $3,800 on 15.28 trillion $SHIB in August 2020.
At its peak, this holding was worth $1.22 billion. Despite the recent sale, the whale still retains 2.15 trillion $SHIB worth $52.18 million, achieving a staggering $109 million total profit from $SHIB. This move reflects significant early investment gains and highlights the potential of timing in crypto markets.
SHIB Price Performance and Future Outlook
The live Shiba Inu price currently stands at $0.000024, down 6.12% in the past 24 hours, with a 24-hour trading volume of $1.4 billion. Despite the dip, Shiba Inu’s long-term outlook presents intriguing possibilities.
InvestingHaven, an analyst, suggests that SHIB could peak near $0.0000998 by 2025, with a potential low at $0.0000234. These projections align with broader crypto market trends, although volatility remains a key factor.
Over the past six months, significant liquidation activity has influenced Shiba Inu’s price. Notable periods include early July, where short liquidations spiked amid a price drop, and November, marked by a price surge followed by a rapid decline.
Between mid-September and mid-October, market stability led to balanced liquidations and minimal price changes. In December, an increase in long liquidations coincided with a gradual price decrease.
Technical Indicators Signal Short-Term Downward Momentum
Shiba Inu’s 1-day Relative Strength Index (RSI) is currently at 40.90, suggesting the token is nearing oversold conditions. However, it has not yet reached a strong buying position. Additionally, the 1-day Moving Average Convergence Divergence (MACD) indicates downward momentum, with the MACD line trading below the signal line.