In the last 24 hours, Shiba Inu $SHIB has seen increased whale activity, with 1.3 trillion SHIB being transferred in large transactions worth over $100,000, according to data from IntoTheBlock. This is a 115% increase from the previous day. The value of these transactions reached $10.15 million, and the number of transactions reached 62, averaging 163,709 SHIB each, which is 63% higher than usual.
This price activity was accompanied by a 5.62% increase in the price of the coin in the last 24 hours, reaching $0.0000145, its highest level in a month. The coin also managed to break through the dynamic resistance level that has been holding back the rise since last March.
It is important to watch how $SHIB performs at the $0.000016 level, as this level could represent the next major resistance. If successfully broken, the next target could be $0.0000183, a historically difficult level to break.
