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It's Big & Big #rally is Ready in $SHIB !!!

Rally Incoming for Shiba Inu (SHIB)? Whales Accumulate $184 Billion SHIB in Past Month.

Shiba Inu (SHIB) has experienced an unexpected return, with analysts identifying potential buying zones and predicting a looming rally

Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has recently made an unexpected return to the market, bouncing off the 50-day exponential moving average (EMA) support level.

This rebound has given traders hope for a potential reversal and the confidence needed to halt the larger decline that began more than a week ago.

Analysts have been closely monitoring SHIB’s price movements and have identified potential buying zones for the token.

SHIB Knight, a prominent crypto analyst, revealed his intention to buy Shiba Inu at specific price points, believing that the current price decline presents a compelling buying opportunity. He identified $0.000026 as a key support level that SHIB should hold to maintain its bullish momentum.

While some analysts have refrained from making specific price predictions, others have ventured forecasts for potential price targets upon a future price increase.

Crypto market analyst Javon Marks anticipates a price target of $0.0000886 for SHIB during the next significant price rally.

Despite the recent price dip, on-chain data suggests that large investors, often referred to as “whales,” are actively accumulating SHIB.

In the past month alone, new whale addresses have demonstrably acquired nearly 184 billion SHIB from cryptocurrency exchanges, signifying their long-term confidence in the project.

The Shiba Inu ecosystem has recently celebrated a critical upgrade to the Shibarium network, which has reduced bridging time from seven days to just 45 minutes.

This upgrade has coincided with a significant spike in SHIB’s burn rate, which has surged 233% over the weekend. The increased burn rate is expected to contribute to a potential bull market for SHIB.

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