#August Market Prediction#

The price of Shiba Inu is lagging behind while other meme coins are rapidly rising. Dogecoin has gained 29.8% in the last 30 days, BONK — 20.4%, PENGU has skyrocketed by 151.1%. Meanwhile, SHIB has only increased by 7.9%.
The meme coin index surged by 6.2% over the last 24 hours. However, Shiba Inu is stuck in a narrow triangle, and the risks of a bearish breakout are increasing.
The trend of net flow in the segment of large Shiba Inu holders is clearly negative. Over the last 30 days, whales have reduced their positions in SHIB by more than 181%. Additionally, there haven't been any significant inflows in the last 3 months. Outflows from large wallets may indicate that the tokens are likely being sent to exchanges or liquidated in some other way.
This is a bearish signal. Whales are not accumulating or holding the asset. Instead, they are reducing their positions. If this continues, there may be additional pressure in the future, especially if retail investors also rush to exit.
According to the global in- and out-of-money metric, the current price range of Shiba Inu ($0.000012–$0.000013) is a weak support zone. Only 312,850 addresses hold SHIB in the next lower zone. This means that if SHIB falls below $0.000012, it could quickly drop to $0.000008, as there are not enough buyers at lower levels to absorb the selling.
The Average Directional Index (ADX) has weakened, falling from 22 in mid-July to 18.4. This indicates that the trend is losing strength. A drop in ADX near the support line usually means that the price may decline without significant buying interest. If SHIB loses support at the level of $0.0000115, it could fall below, which is confirmed by the In-and-Out of money metric.
To negate the bearish scenario, SHIB must rise above $0.0000132 and $0.0000137. The trend will become bullish if the price breaks above the pennant resistance around $0.0000150.
we closely monitor the dynamics.