643% Shiba Inu Spike: Why It’s Significant

Key Points

1. Shiba Inu's large holder netflows surged by 643%, signaling a bullish shift among whales.

2. The cryptocurrency is testing resistance at the 200-day SMA ($0.00001371), with potential upward targets at $0.000016 and $0.00002 if breached.

3. SHIB rebounded from a low of $0.0000116 on Aug. 2, gaining momentum above the 50-day SMA ($0.00001277) to reach $0.000014.

4. The SHIB team predicts an 800% price surge in one week, coinciding with altcoin outperformance and a potential altseason if Bitcoin dominance drops below 75%.

5. Ethereum crossed $4,200 for the first time since December 2021, while market analysts suggest an accumulation phase may precede a breakout in September.