The cryptocurrency Shiba Inu (SHIB) has seen a surge in on-chain activity, with a significant increase in large transactions, indicating heightened investor interest and potential buying and redistribution activity. This surge in activity suggests that a significant price movement for SHIB may be imminent. The recent price spike showed bullish momentum, but there has been a minor decline after reaching a peak. It is important for investors to keep an eye on the support level at $0.0000190, as sustained strength above this level may strengthen positive sentiment and attract more buyers. A retest of the $0.0000300 resistance level is also possible, which could lead to even higher price points. The trajectory of SHIB will depend on the regularity of large high-volume transactions and market sentiment, with changes in whale activity potentially indicating impending price volatility.
- Content Editor ( u.today )
- 2024-11-12
17 Trillion Shiba Inu (SHIB) in 24 Hours: Rally Continues