Why Spiking Whale Activity Could Propel Shiba Inu To $0.0001

SHIB Price Prediction: Shiba Inu Coin price experienced a significant increase in market value and skyrocketed in the previous day. This meme coin has crossed the $0.000022 mark, indicating a bullish trend despite continued market volatility. the current, Shiba Inu coin price is $0.00002251, and the 7% jump indicates a bullish trend.

Shiba Inu’s 24-hour trading volume increased by 20% to a total of $886 million. This spike indicates growing interest among traders. Furthermore, its market capitalization increased by 6% to $13.26 billion, securing 11th place in the market ranking.

Shiba Inu coin price

Over the past week Shiv, 2nd most popular meme coin The currency showed little movement in line with the broader market decline. This stagnation phase is very important for cryptocurrencies as it generally encourages accumulation among investors. Overall, the market fell by 9%, causing significant losses for many digital currencies.

Transaction volume has increased significantly due to the influence of whales

recent data into the block It has been revealed that SHIB’s large trades have increased by a dramatic 165%. In just 24 hours, the amount transferred jumped from SHIB 3.73 trillion to SHIB 6.18 trillion. This significant activity indicates growing interest from major investors.

Whale Alert, a leading blockchain monitoring service, also noted the mass transfer of nearly 2 trillion SHIB tokens on the popular trading platform Robinhood. The coins were transferred to a yet-to-be-identified wallet, sparking intense curiosity among cryptocurrency enthusiasts.

A wallet labeled -4D935 is currently in the spotlight for acquiring two large sums of SHIB. Each transaction involves him 875 billion SHIB, for a total of 1.75 trillion SHIB. These transactions, which have a market value of approximately $39.2 million, have sparked widespread speculation about the potential motives behind such large moves.

SHIB price prediction as whale activity increases

meme coin Shiba Inu is currently facing a pivotal resistance level at $0.00002315. Breaking through this barrier could increase its value to $0.000025. Such a move could be a preparation for reaching the $0.0001 threshold.

However, a decline could push the price down to the support level at $0.000022. If market sentiment turns negative, SHIB could fall further to $0.00002. If the bearish momentum strengthens, a downtrend could be confirmed.

Daily technical analysis shows that the Shiba Inu price is on a recovery track and shows a positive outlook. The relative strength index (RSI) is a balanced 42.

Shiba Inu coin price | Source: trading view

The Shiba Inu’s Moving Average Convergence Divergence (MACD) shows a sharp spike followed by a decrease. The MACD line is below the signal line, indicating possible bearish momentum in the short term.

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