Shiba Inu Large Holder Inflows Suggest Potential for Renewed Price Momentum Amid Market Volatility

Key Points

1. Shiba Inu's price surged nearly 3% in 24 hours and 16% weekly, outperforming Bitcoin's 10% gain, reaching a seven-week high of $0.00001484.

2. Large holder inflows surged by 728 billion SHIB from July 13 to July 16, indicating strong whale accumulation and investor confidence.

3. SHIB is testing key resistance at the 200-day SMA ($0.00001467), with an RSI of 70 suggesting potential overbought conditions but no immediate reversal signal.

4. The token's AI ecosystem developments are enhancing its utility and long-term value, contributing to renewed market optimism.

5. Whale behavior and technical setups position SHIB as a cryptocurrency to watch, with potential for further price appreciation if key resistance levels are breached.