Shiba Inu (SHIB), the largest meme coin, is expected to experience significant upward momentum. This speculation is based on recent transactions from exchanges to wallets, ongoing consolidation following a breakout, and the presidential inauguration. A crypto whale transferred a large amount of SHIB, worth $195.1 million, which experts believe could lead to increased buying pressure and a rally in the meme coin. Technical analysis suggests that if SHIB breaks the current consolidation and surpasses the $0.000025 mark, it could rise by 60% to reach the $0.000039 level. The Relative Strength Index (RSI) indicates potential for a significant rally, and trading volume has increased, suggesting increased participation from traders and investors. Currently, SHIB is trading near $0.0000238 without major price changes.



Other News from Today