Shiba Inu Sees Increased Whale Activity Amid Potential Market Shifts
Main Idea
Shiba Inu (SHIB) has experienced a significant increase in whale-tier transactions, suggesting potential price movements as it attempts to recover from recent declines.
Key Points
1. Shiba Inu is currently trading around $0.00001293, with whale transactions in the $1M–$10M range increasing by 525%.
2. Key resistance levels to watch are $0.00001323 and $0.00001429, with potential upward momentum if SHIB maintains prices above the $0.00001270-$0.00001300 range.
3. Whale activity, particularly in the $100,000-$1M and $1M-$10M brackets, has surged by 122% and 525%, respectively, indicating increased capital movement.
4. A breakout above $0.00001323 could lead to a price run toward $0.00001450, while failure to hold support may result in a retest of $0.00001200.
5. The 100-day EMA (~$0.00001323) and 200-day EMA (~$0.00001429) are critical levels for determining SHIB's near-term price direction.
Description
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