🕵️Shiba Inu (SHIB) Sees 4 Trillion Whale Transactions Drop: What's Happening? 🕵️#ShibaInuattracts attention with the recent sharp decline in whale transactions involving trillions of tokens. Data shows that whale transactions are falling rapidly, but will this really affect the price of #SHIB?

Analyzing the metrics shows that the volume of large SHIB transactions has decreased significantly. Such large transactions often indicate that SHIB is being moved by large players, potentially affecting market liquidity and price.

A decline in these transactions could indicate that whales or large SHIB holders are less active, which could reduce trading volume and dampen price momentum.

Looking at the SHIB chart, the price is currently positioned near the $0.00002724 support level. If this level persists, it could serve as a springboard for future growth and signal that the price could stabilize or rise if buying activity picks up. However, if this support is broken due to continued inactivity or selling by whales, SHIB could see further declines towards the next support at $0.00002233.

In terms of resistance, SHIB is facing around $0.00002950. Exceeding this level could indicate a return of investor confidence and a possible rise in price.

If whales start moving significant amounts of SHIB again, this could signal either a potential price rise or, conversely, a further price decline, depending on whether they are buying or selling.

The current decline in whale activity for SHIB is associated with less volatile price action. Be careful and try monitoring additional metrics to anticipate upcoming price fluctuations.

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