CandleFocus Retail Buys vs. Whale Sells: SHIB Price Faces Pressure Amid Rising Volatility
2024-10-11
Author: Content Editor
The trading volume of Shiba Inu (SHIB) has increased by 13.61% in the past 24 hours, leading to concerns about potential price volatility. Whale activity has also risen, indicating possible price shifts as these large holders can significantly influence SHIB's value. However, SHIB's burn rate has dropped by 52.16% in the last 24 hours, slowing down the removal of tokens from circulation. Despite this, the price of SHIB has decreased by 1.06%. Technical analysis shows that SHIB has experienced erratic movements but is currently consolidating around the $0.00001688 mark. The MACD indicator suggests weak movement, while the RSI is neutral. Readers are advised to exercise caution and not consider the article as financial advice.
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