Shiba Inu Bulls Face Pressure, but Key Catalyst Fuels Hope

Whales sold millions in SHIB, muting the recent breakout and slowing momentum.

Despite selling pressure, Shiba Inu still trades above its breakout triangle structure.

Rising Money Flow Index signals cautious dip buying and potential bullish recovery.

The Shiba Inu community has felt both excitement and disappointment in recent days. Price gains stirred optimism, but selling pressure from whales quickly dulled the momentum. SHIB still holds a breakout structure, though confidence now hinges on a key factor: dip buying. This tug-of-war between buyers and profit-takers has shaped the current market mood. Whether bulls can reclaim control depends on whether fresh fuel enters the chart.

Whales Mute the Bark but Not the Breakout

At press time, SHIB was trading at $0.00001282, marking a weekly gain of 4.1%. On a three-month view, however, SHIB has risen only 3.2%. This muted growth reflects the clash between bullish traders and profit-booking whales. On September 5, whales briefly shocked the market. Their holdings jumped from 692.68 trillion to 703.95 trillion tokens, an increase worth about $135 million. But within hours, that figure slipped back to 701.93 trillion. The drop, equal to nearly $25 million, revealed an aggressive round of profit-taking.

SHIB’s price mirrored this rollercoaster. The token climbed from $0.00001206 to $0.00001248 before stalling almost instantly. The quick reversal exposed how fragile the rally had become. Sellers capped the move, leaving the bullish bark muted. The profit supply metric underlined this story. Between September 4 and September 8, the share of SHIB in profit rose from 20.86% to 29.64%. That increase marked a two-week high. Traders, both retail and whale, clearly saw the rally as a chance to secure gains.

Money Flow Index Keeps Hope Alive

Despite muted action, one indicator has kept hope flickering. The Money Flow Index (MFI), a gauge of buying versus selling pressure, has turned upward. The index hit a new high even as price gains remained modest. This divergence hints at quiet accumulation. Dip buyers appear to be stepping in, though not aggressively yet. The rising MFI suggests fresh inflows, a possible lifeline for bulls.

However, conviction will only come if the index crosses its late-July high. Until then, the buying looks cautious rather than determined. SHIB still needs to clear $0.00001352 to confirm bullish momentum. A clean push above that level would also mark a breakout from the triangle. Traders watch closely for that moment, as it could reignite confidence.For now, Shiba Inu lives in a zone of uncertainty.

The breakout structure remains alive, but whale profit-taking has cast doubt over immediate upside. Dip buying provides a faint spark of hope, but not yet a blaze. The coming weeks will test the resilience of bulls. A decisive push could restore the roar, while continued selling may silence the bark. Investors must weigh the signs carefully, balancing optimism with caution.