CandleFocus Shiba Inu (SHIB) Whales Selling Rapidly: Details
2024-12-19
Author: Content Editor
A Shiba Inu whale recently sold 250 billion SHIB tokens worth $6.05 million, leading to a sell-off in the market. This suggests a possible shift in whale behavior that can affect the mood and volatility of the retail market. It is important to monitor whale activity to forecast the future price movements of SHIB. The price of SHIB has been declining and broke below the crucial 50 EMA support line, indicating a lack of bullish momentum. The next support levels for SHIB are at around $0.00002283 and $0.00002045, and failure to maintain these levels may result in a significant correction. Despite this, Shiba Inu continues to attract a strong community and speculative interest, but caution should be exercised due to market conditions and whale activity.
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