CandleFocus Shiba Inu Whales Make 2.79 Trillion SHIB Move: What's Next for Price?
2024-12-15
Author: Content Editor
Shiba Inu (SHIB), a dog-themed cryptocurrency, has experienced a surge in large transactions by whales, representing renewed interest in the coin. The spike saw a 41.39% increase in transaction volumes in the last 24 hours, totaling 2.79 trillion SHIB ($76.48 million). This suggests that large holders and institutional players may be reentering the market and preparing for significant moves in SHIB's price. However, SHIB's overall trading activity and volume have been declining recently. While an increase in whale activity is positive, it does not guarantee an immediate price gain. SHIB's price remains steady, but a break above critical resistance levels could potentially spark a rally. The RSI indicates that SHIB prices may trade within a range in the coming days.
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