Shiba Inu (SHIB) Whales Wakeup With 525% Skyrocket
Main Idea
Shiba Inu (SHIB) is experiencing significant whale activity with a 525% increase in large transactions, indicating potential strategic accumulation and a possible price breakout.
Key Points
1. Shiba Inu (SHIB) is trading near $0.00001293, attempting to recover from a recent decline and approaching the 100-day EMA (~$0.00001323).
2. Large transactions (between $100,000-$1 million and $1 million-$10 million) have surged by 122% and 525%, respectively, signaling heightened whale activity.
3. A breakout above $0.00001323 could propel SHIB toward $0.00001450, while the $0.00001200 support level may be retested.
4. Whale movements suggest strategic accumulation, possibly targeting a breakout above key resistance levels (100 EMA and 200 EMA).
5. The increased capital flow from whales highlights renewed interest in SHIB, often preceding notable price movements.
Description
Shiba Inu saw solid increase in whale-tier transactions, which might push price higher soon
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