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Cryptocurrency News Articles

Shiba Inu (SHIB) Faces Tough Times Despite Surge in Whale Activity, Analysts Bet on INJ and RBLK to Outperform in 2025

Jan 16, 2025 at 06:41 pm

Shiba Inu has been in bearish territory since December 2024 and recent whale activity could be hinting at a massive sell-off soon.

Shiba Inu (SHIB) Faces Tough Times Despite Surge in Whale Activity, Analysts Bet on INJ and RBLK to Outperform in 2025

Shiba Inu has been struggling to maintain its price above key support levels since December 2024 and recent whale activity could be hinting at a massive sell-off soon.

While SHIB whales were busy moving 2.8 trillion tokens, several other cryptocurrencies have managed to gain the attention of investors and analysts alike. Some of these tokens include Injective (INJ) and Rollblock (RBLK) which are both set to outshine Shiba Inu in 2025 with INJ capital inflows skyrocketing after io.net collaboration and RBLK being positioned as a clear winner in the GambleFi subsector.

Shiba Inu Whales Could Be Preparing For A Sell-Out Soon

Shiba Inu whales have moved more than 2.8 trillion tokens in the last 24 hours, suggesting increased market participation.

However, the nature of these transactions is still uncertain, and analysts believe Shiba Inu whales could be preparing to sell out soon. Shiba Inu’s price has faced several fluctuations during the past few weeks, and the memecoin has also rejected several resistance levels. Shiba Inu’s RSI also confirms this negative market sentiment as a majority of investors are at a loss.

Shiba Inu is currently trading for $0.00002214 after an intraday increase of 3.52%. Shiba Inu’s trading volume has also decreased by 6.03% over the last 24 hours which suggests a slowing down of market participation. Injective’s MACD line has already formed a bearish divergence with the price which could push SHIB towards $0.00001527 soon.

Shiba Inu’s price action also suggests the token is preparing for a correction as the 200-EMA is now trading above the token’s price. If Shiba Inu fails to attract new investors, the token could face a price correction towards $0.00001527 soon.

However, if Shiba Inu manages to trade above the 200-EMA, the token is expected to make another attempt at breaking out from the $0.000024 resistance level which could lead up to gains of 30% from the current price.

Injective Records Increased Market Participation After io.net Collaboration

Capital inflows into the Injective network are increasing after a major collaboration with io.net.

The decentralized physical infrastructure network io.net is bringing its decentralized GPU compute to Injective to make DeFi artificial intelligence a reality. Injective also announced a collaboration with Aethir in December 2024 which allows the conversion of GPU resources into tradeable tokens.

Injective is currently trading for $23.06 after an intraday surge of 11.02%. Injective’s trading volume has also surged by 22.24% over the last 24 hours which suggests increased market participation. Injective’s MACD line has already formed a bullish crossover with the signal line, setting the stage for an Injective rally towards $41.28 soon.

Shiba Inu, Injective, and Rollblock Price Predictions For 2025

Shiba Inu is still in bearish territory, making investors jump ship to better-performing tokens like Injective and Rollblock.

Despite Injective’s potential for gains in 2025, Rollblock has already positioned itself as a leader in the DeFi space with a first-mover advantage in the GambleFi subsector.

Shiba Inu could still make a comeback in 2025 if the token manages to sustain its price above the 200-EMA and attract new investors. However, if Shiba Inu fails to hold up above key support levels, the token is expected to face a sell-off soon.

Injective is setting itself up for a massive rally in 2025, especially with the collaboration with io.net which will bring decentralized GPU compute to the Injective Chain. Injective could also rally up to $41.28 in 2025 if the token manages to sustain its price above the 200-EMA and attract new investors.

Investors can still add INJ to their portfolio during the token’s price correction towards $17.84 which could present an optimal entry point for INJ in 2025.

Rollblock is preparing for a price surge towards $1 in 2025, making now the ideal time to invest for a low price of just $0.045 per token.

Investors can still add RBLK to their portfolio during the token’s price correction towards $0.02 which could present an optimal entry point for RBLK in 2025.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Jan 29, 2025