What’s next after significant changes in Toncoin and recent Shiba Inu actions?

Toncoin remains steady around $4 as whales contribute $250 million, hinting at an upcoming surge. Conversely, Shiba Inu is battling at $0.000016

Toncoin price remains stable around $4 as whale activity triples, and new crypto initiative BlockDAG introduces a unique approach to engaging users.

Toncoin (TON) price has stabilized around $4 amid a surge in whale activity, which tripled over three days. This suggests that despite the recent price setbacks, some major investors remain optimistic about its recovery potential.

However, the market dynamics remain largely bearish, with the cryptocurrency price oscillating within a narrow range of $3.70 and $3.90. Technical analysis signals mixed trends, with the Money Flow Index (MFI) suggesting oversold conditions at 16.79, while the Parabolic SAR indicates bearish momentum. A breakout above the $4.50 resistance level could be crucial for shifting the major trend.

On the other hand, Shiba Inu (SHIB) token price is struggling to find support at $0.000016 as whale activity declines. According to on-chain data from Web3 analytics firm CryptoQuant, large transactions, often executed by whales, have decreased significantly by 88% over the last two weeks.

The average on-chain value of transactions above $100,000 has fallen from $39,000 to just $4,707. This signals a loss of appetite for large-scale Shiba Inu purchases, which could increase the probability of further price drops below the $0.000015 support level.

Shiba Inu price action also remains in a state of indecision, according to technical analysis. The Relative Strength Index (RSI) is currently at 40.73, indicating oversold conditions but without strong signals for an immediate bullish reversal.

The 50-day Exponential Moving Average (EMA) has crossed over the 100-day EMA, which is often interpreted as a bearish technical pattern. A stabilization of the RSI above the 50 mark, along with an increase in whale activity, could be required to push the Shiba Inu price back towards the 0.000018 resistance level.

Despite the slowdown in the meme coin market following the recent approval of the first Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), which could indirectly benefit Shiba Inu, bulls need to act quickly to prevent further price declines.

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