Shiba Inu Sees Whale Activity Surge Amid Market Uncertainty, with Potential for a Breakout
Shiba Inu ( SHIB ) has been making waves over the past 72 hours, driven by renewed interest from whale investors. A remarkable 1.9 trillion SHIB tokens were traded within 24 hours, reflecting heightened activity among large holders. This surge has pushed the price of SHIB up by 12%, marking its first significant gain in weeks. SHIB is now trading around $0.000014, with bullish momentum building as whale demand reaches its highest point since July​( EconoTimes )​( FXEmpire ).
Technical Analysis
The technical outlook for SHIB is cautiously optimistic. The Relative Strength Index (RSI) remains in the neutral zone but is approaching oversold territory, suggesting a potential for further upward movement. Key resistance lies at $0.000015, and if this level is breached, analysts predict SHIB could rally toward $0.000020​( FXEmpire ).
Read More: https://onthenode.com/cryptocurrency/shiba-inu-sees-whale-activity-surge-amid-market-uncertainty-with-potential-for-a-breakout
Shiba Inu ( SHIB ) has been making waves over the past 72 hours, driven by renewed interest from whale investors. A remarkable 1.9 trillion SHIB tokens were traded within 24 hours, reflecting heightened activity among large holders. This surge has pushed the price of SHIB up by 12%, marking its first significant gain in weeks. SHIB is now trading around $0.000014, with bullish momentum building as whale demand reaches its highest point since July​( EconoTimes )​( FXEmpire ).
Technical Analysis
The technical outlook for SHIB is cautiously optimistic. The Relative Strength Index (RSI) remains in the neutral zone but is approaching oversold territory, suggesting a potential for further upward movement. Key resistance lies at $0.000015, and if this level is breached, analysts predict SHIB could rally toward $0.000020​( FXEmpire ).
Read More: https://onthenode.com/cryptocurrency/shiba-inu-sees-whale-activity-surge-amid-market-uncertainty-with-potential-for-a-breakout
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