Shiba Inu (SHIB) has been attracting the attention of major investors recently, with analysts predicting that SHIB’s price is trading at a level similar to Dogecoin (DOGE)$DOGE

These estimates are driven by the fact that large investors have increased their SHIB holdings by 7,000%. These developments could signal a potential rise in the SHIB price.

In the last 24-hour period, the SHIB price continues to trade at $0.00001880, down 0.6%. These horizontal price movements are similar to Dogecoin's past movements. However, the recent increase in SHIB accumulations by large investors may lead to a sudden increase in prices. It is thought that SHIB, which has been moving sideways especially during the election period, may gain upward momentum with the effect of large purchases.

According to IntoTheBlock data, SHIB major investors have accumulated 7,469% in the last week. Although the monthly NetFlow data is below previous levels, the increase in weekly accumulation is a sign that SHIB$SHIB

This indicates the start of a new investment trend towards. These intense purchases by large investors may have a significant impact on SHIB’s price movements.

Crypto analyst Javon Marks says that SHIB’s price could rise to $0.000081. Marks emphasizes that SHIB’s Relative Strength Index (RSI) indicator is bullish, which supports a price increase. If this prediction holds true, SHIB could potentially rise as much as four times its current price. Furthermore, price action suggests that a symmetrical triangle formation that has been in place for the past four months is close to being broken, which could pave the way for higher price levels.

Technical indicators are pointing to the potential for an increase in SHIB’s price. The Average Directional Index (ADX) is showing an increase in low volatility, which could prompt buying pressure to pick up again. The MACD indicator is giving a buy signal, which increases the possibility that SHIB’s price will continue to rise before reaching the overbought territory. The RSI is at 56.96, which means that the price has the opportunity for further gains.

However, since the crypto market is highly volatile, it is important for investors to be careful and base their decisions on their own research. Any investment decision in the crypto market should be reviewed based on the ever-changing conditions.