🔥🔥Shiba Inu Whales on the Move: Price Breakout Looms🔥🔥
👉According to U.Today, Shiba Inu (SHIB) whales are showing heightened activity, pushing the token towards a significant price breakout. 👀
👉On-chain data highlights a spike in large SHIB transactions, each exceeding $100,000, which often precedes major market shifts.
👉Such moves typically indicate an anticipated price surge, as whales buy in expectation of positive trends.
👉Data from IntoTheBlock reveals a 106.86% increase in large transaction volumes for Shiba Inu over the past 24 hours, amounting to 3.22 trillion SHIB, or about $83.74 million.
👉Additionally, inflows from large holders have surged by 155%. With whales repositioning and transaction volumes soaring, all eyes are on the market.
👉Amidst this activity, SHIB has broken through a key barrier, paving the way for a potential rally. After days of struggling to surpass the daily SMA 50 at $0.0000247, Shiba Inu finally broke through on May 20. The token saw a notable rise as crypto prices climbed due to progress towards the approval of U.S. Ethereum spot ETFs, reversing last week's pessimism.
👉SHIB climbed from a low of $0.000023 to a high of $0.0000261, jumping past the daily SMA 50. As of now, SHIB has increased by 6.48% in the last 24 hours, trading at $0.00002546, above the crucial SMA 50 level. With SHIB on the brink of a breakout, the next few days and weeks will be critical. A sustained rise above the daily SMA 50 could propel Shiba Inu's price even higher.
