[Shiba Inu Coin Whale Prepares for Potential 30% Rise Amid Weak Trends]
Large investors have been accumulating Shiba Inu (SHIB) recently, which could send the cryptocurrency up 32%. Currently, SHIB’s price encounters resistance at $0.000018 with support at 0.000016. Bollinger Bands show narrowing market volatility and often signal an imminent price breakout.
When market volatility is low, whales often take advantage of this opportunity to enter the market. According to the data, the number of whales holding 10,000 to 1,000,000 SHIB increased by 0.4%, while inflows from large holders grew by 15% in the past seven days, indicating that whales are accumulating SHIB and may drive prices higher.
If the whale’s cumulative action triggers a larger buying frenzy, SHIB price is expected to break above the 0.000018 resistance and rise further towards 0.000020. However, if whale activity subsides, SHIB could continue to trade within a tight range and could even fall below the support at 0.000016, leading back to 0.00001.
