attention, driven by a notable combination of declining whale involvement and increased retail investor interest. Here's a concise breakdown:
Key Developments:
1. Drop in Whale Activity: Large SHIB transactions fell by 20.73%, equating to 4.78 trillion SHIB ($121.29 million), signaling reduced interest from major holders.
2. Retail Investors Drive Volume: Trading volume jumped 92% to $3.19 billion, showcasing heightened activity from smaller investors.
3. Price Increase: SHIB's price climbed 13% within 24 hours, trading around $0.00002768, with a high of $0.00002816.
Price Analysis:
Resistance: Immediate resistance is at $0.0000281. Breaking $0.000029 could validate a bullish pattern, potentially targeting $0.000039 and $0.000047.
Support: A decline below $0.000023 may lead to bearish trends, possibly testing the 50-day SMA at $0.000020.
Market Outlook:
The shift from whale-dominated to retail-driven momentum suggests confidence among smaller investors. However, the market is poised for volatility as SHIB approaches critical resistance levels. A breakout could fuel a significant rally, while failure to hold support might invite downward pressure.
Stay vigilant if you're trading SHIB, as this phase could present both
opportunities and risks.#Write2Earn! #SOLHitsATH #USBitcoinBill #ETHPriceSurge #EyesOnBTC
