Shiba Inu Holds Key Support as Whale Accumulation Sparks Speculation

BitcoinWorld Shiba Inu Holds Key Support as Whale Accumulation Sparks Speculation Shiba Inu (SHIB) is defending a critical support level as on-chain data suggests possible whale accumulation, offering a mixed but watchful outlook for the meme cryptocurrency as of March 14, 2025.

Why This Support Level Matters The $0.000020 price zone has historically acted as a strong demand area for SHIB, with multiple bounces observed over the past year.

Traders monitor this level closely because a decisive break below could trigger further downside, while a hold may set the stage for a rebound. Technical indicators currently show mixed signals.

The Relative Strength Index (RSI) is hovering near oversold territory, which sometimes precedes a price bounce, but the Moving Average Convergence Divergence (MACD) remains bearish, suggesting that selling pressure is not yet exhausted.