The cryptocurrency Shiba Inu (SHIB) has experienced a 764% surge in large holder netflows, leading to speculation that whales may be accumulating SHIB once again. Data shows a significant increase in large holder netflows and inflows, as well as a surge in whale activity. While it is uncertain if this will result in a short-term breakout, traders are closely monitoring resistance levels and market sentiment. The price of SHIB has increased by 4% in the last 24 hours and faces resistance levels at $0.00001679 and $0.0000192, with potential support at $0.0000116. The broader cryptocurrency market has been recovering, with Bitcoin surpassing $90,000 and other cryptocurrencies seeing double-digit percentage rises. The recent decline in the U.S. dollar index may have contributed to the boost in cryptocurrency prices.



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