Whales make big moves, SHIB pressure increases by 712%!
Hey, everyone, do you know Shiba Inu Coin (SHIB)? It's the emoji cryptocurrency. Recently, it's not peaceful on the blockchain. According to IntoTheBlock's data, those big money, we call them "whales", sold 7.48 trillion SHIB in 24 hours! 712% more than the day before, shocking!
SHIB current price
The price of per capita immunodeficiency syndrome (this name is a bit weird) is 0.00002535, up 3%.
Big sale
These whales hold more than 0.1% of the SHIB circulation. Once they sell, our token market will panic.
Whale wallets have also increased
Strangely enough, the money in the whale wallet has also increased, 7.41 trillion, up 89.5% from the day before.
But the net flow has fallen
Although the whale wallet has increased, the net flow of SHIB has changed from a positive 2.86 trillion to a negative 72.77 billion. This shows that the whales are very bearish.
The price has fallen
SHIB has fallen 8.24% in the past 24 hours and is now stable at $0.000023. This sharp drop may be because the whales are worried that the price will continue to fall, so they sold it quickly.
SHIB had risen well before, up 80% since November, but now it seems that the momentum is gone. There is also a "head and shoulders top" pattern, a bearish technical indicator, and traders' confidence has been hit.
Market sentiment has changed
Market sentiment may have changed after the whales sold in this way. They may be worried that the price will fall again, so they quickly withdrew. In addition, SHIB failed to break through the resistance level and a bearish chart pattern appeared, which made investors feel bad.
Here comes the point
There are many whale activities: the whales sell in this way, and the selling pressure is great.
High volatility: SHIB has not broken through the key resistance level, which means that this coin is highly volatile.
Traders should be careful: SHIB is in an uncertain period now, and traders should keep an eye on the key support area.
Although SHIB has made a lot of money recently, it is so active and the whales are so active, it seems that there are many challenges. Retail investors should always be vigilant and respond to these changes.
For the next layout direction, I will lead everyone to target the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
