CandleFocus Will Shiba Inu (SHIB) Break 6 Trillion Record?
2024-11-05
Author: Content Editor
Shiba Inu (SHIB) may soon reach a transaction volume of six trillion SHIB, indicating increased activity and interest from major holders. The number of large transactions and overall transaction volumes fluctuate, reflecting periods of interest and stagnation. In the last 24 hours, 114 significant transactions totaling 2.21 trillion SHIB were made. Despite sporadic whale activity, long-term accumulation by major holders has not reached its full potential. Large transactions peaked on Oct. 29, potentially positioning whales for a recovery. However, the current price action shows no significant breakout attempt, with SHIB stabilizing at $0.00001760. The price movement does not align with transaction volume, suggesting that big holders are awaiting clearer market signals. Breaking above the $0.00001850 resistance level could indicate ongoing whale interest and pave the way for a stronger recovery.
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