55787115625 is about to take off! Whales are sweeping up 3.3 trillion coins, is a price surge coming?
Shiba Inu Coin (SHIB), that's the star of the meme coin world, with a market cap ranking among the top. Now, big whales have a special fondness for it, feeling that SHIB's price is about to shoot up like a rocket.
Have you heard? 3.3 trillion SHIB, that's right, so much has already been withdrawn from exchanges, which translates to over 93.3 million USD! This is simply a significant move by the whales, showing us their full confidence in SHIB.
In the cryptocurrency circle, assets moving from exchanges to private wallets is a good sign; everyone feels this indicates a price increase is on the way. Moreover, a high outflow of funds suggests that selling pressure has decreased, lowering the risk of further price drops.
Looking at SHIB's technical analysis, the outlook is also quite positive. SHIB is currently positioned at a critical point, acting like a springboard; if it stabilizes, it could soar up to 40% in the coming days, reaching 0.000039 USD, which is not a dream. Additionally, SHIB's RSI indicator is only 52, far from being overbought, leaving plenty of room for price increases.
However, SHIB's current price is 0.00002838 USD, having dropped 2.5% in the last 24 hours, with trading volume also declining by 30%. It seems traders and investors are being a bit cautious. But on-chain data and technical analysis have given SHIB holders confidence; they believe that good days are just around the corner for SHIB.
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