Shiba Inu has recorded a substantial 643% increase in large holder netflows, signaling heightened accumulation by major investors and reinforcing bullish sentiment in the market.
The cryptocurrency is currently testing the critical 200-day Simple Moving Average (SMA) at $0.00001371, a technical resistance level historically pivotal for price direction. Breaking this barrier could open upward pathways toward key targets.
Analysts indicate that a decisive breach of the 200-day SMA might propel SHIB toward technical targets of $0.000016, with further potential to reach $0.00002. The surge in whale activity points to accelerating investor interest and possible momentum buildup.
The increased netflows among major holders reflect strategic positioning ahead of potential price shifts, highlighting institutional recognition of SHIB’s technical positioning despite broader market volatility.