Shiba Inu (SHIB) is attracting attention with whales buying a large amount worth $93.3 million and is showing bullish signals. Technical analysis shows that SHIB could rise by 40% to $0.000039 if it holds the critical support level. Positive signs in on-chain data and the expansion of the ecosystem make SHIB an attractive option for both short-term and long-term investors.
The popular meme coin Shiba Inu (SHIB) has been showing signs of an uptrend recently due to the intense interest of whales. According to Coinglass data, 3.3 trillion SHIB worth $93.3 million was withdrawn from exchanges. These large outflows indicate that investors are transferring SHIB to their wallets for long-term holding and that selling pressure is decreasing. In the cryptocurrency market, outflows from exchanges usually indicate that prices will move upwards.
Currently trading at $0.00002838, SHIB has fallen by 2.50% in the last 24 hours. During the same period, trading volume has decreased by 30%, indicating that investors are losing interest in short-term price movements. However, analysts see this as a preparation process before a major rally. If SHIB can stay above $0.000025, the price is expected to rise strongly in the coming days.