SHIB Tests Its 200-Day SMA as DOGE Whales lift Holdings to About 10 Billion Coins
Shiba Inu (SHIB) is testing a key technical level at its 200-day simple moving average (SMA), while large Dogecoin (DOGE) holders have increased their accumulations to roughly 10 billion coins. These two factors—a technical test for SHIB and concentrated DOGE accumulation—could shape near-term liquidity and price action across the memecoin segment.
SHIB and the 200-Day SMA Test
The 200-day SMA is a widely watched indicator among traders and risk managers. A daily close above this level is often seen as a bullish signal. SHIB has tested this average multiple times without sustaining a breakout, reflecting ongoing indecision between buyers and sellers. A firm close above could attract more buyers, while a rejection might lead to further selling pressure.
DOGE: Whale Accumulation
On-chain reports show that large DOGE holders—often called “whales”—have increased their combined holdings to around 10 billion coins. This kind of concentration can significantly impact liquidity and volatility, especially if these holders decide to buy or sell in size.
Interaction of Both Factors and Risks
The combination of SHIB’s technical standoff and DOGE’s whale activity creates a environment where sentiment and large positioning may drive the market. Traders should monitor:
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Technical confirmation: A sustained SHIB breakout above the 200-day SMA
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On-chain movement: Shifts in DOGE whale behavior
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Liquidity patterns: Volume changes and order book depth
High volatility is typical in memecoins, and concentrated holdings raise the risk of sharp price swings.
If SHIB holds above the 200-day SMA, it could signal strengthening momentum. Meanwhile, DOGE’s whale accumulation increases the potential for sudden volatility. Traders in this space should combine technical analysis with on-chain monitoring and strict risk management to navigate these conditions.
