CandleFocus Shiba Inu (SHIB) Whales Prepare for Potential 30% Gain Amid Weakening Trend
2024-10-17
Author: Content Editor
The price of Shiba Inu (SHIB), a leading meme coin, is currently in a consolidation period with no dominant bullish or bearish forces. However, this presents a buying opportunity for large investors who have been gradually accumulating the coin. If these whales trigger a broader market buying frenzy, SHIB could experience a 32% gain. The key indicator of this consolidation is the tightening gap between the upper and lower bands of its Bollinger Bands, which suggests decreasing volatility before a potential breakout. Recent data shows that Shiba Inu whales have been increasing their holdings, indicating bullish sentiment. If whale accumulation continues to surge, SHIB's price could break out of its range and rally towards $0.000020. However, if whale activity declines, the price may remain stuck in its narrow range or even drop below the $0.000016 support level.
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