$SHIB Should you buy Shiba Inu right now? Whales transfer 8.18 trillion SHIB

On January 7, 2025, the Whale Alert tracking tool recorded a large transaction: a cryptocurrency whale transferred 8.18 trillion SHIB (worth $195.1 million) from Crypto.com to an anonymous wallet. This move suggests a potential accumulation, which could create strong buying pressure for SHIB.

Technical analysis of SHIB:

• SHIB is accumulating in the range of $0.00002327 - $0.00002465, after a double bottom price pattern.

• On the weekly chart, SHIB is forming an inverse head and shoulders pattern, with strong breakout potential.

If SHIB closes above $0.000025, the price could increase by up to 60%, reaching $0.000039. The current RSI indicates significant upside potential, while trading volume has increased by 21% in the last 24 hours, reflecting strong interest from investors.

Current price: $0.0000238. Will SHIB explode?