CandleFocus Shiba Inu Whale Activity Skyrockets 148%, but SHIB Price Dips
2024-11-24
Author: Content Editor
According to IntoTheBlock data, Shiba Inu has witnessed a significant increase in large transaction volume, indicating whale activity in the last 24 hours. However, despite the increased whale movements, the broader market sentiment remains cautious as SHIB's price has experienced a drop of 9.05% in the last 24 hours. The overall cryptocurrency market is also facing a pullback, with assets like Bitcoin, XRP, and Dogecoin experiencing losses. Shiba Inu's market value has dropped to $14.76 billion, causing it to fall from the 12th to 14th spot in the crypto market ranking. To restart an upward movement, buyers must surpass resistance levels, while a break below $0.000023 could suggest a return of bearish momentum for Shiba Inu.
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