Shiba Inu$SHIB Whales Are Bullish

Shiba Inu whales appear to be taking advantage of the short-term bullish outlook. Addresses holding at least 0.1% of the total SHIB supply have bought 2.79 trillion tokens worth over $60 million in 24 hours. This significant accumulation shows renewed interest from large holders in anticipation of a price increase.

This is not an isolated example. Similar large purchases have been seen throughout the month. These actions show that key players are preparing for a future breakout, strengthening SHIB’s position in the market. Whale activity often signals confidence in an asset’s potential. Meanwhile, the Average Directional Index (ADX) is currently at a key 25.0 level. This indicates that the current bearish trend is easing. A drop below this level would signal the end of the bearish pressure, setting the stage for a SHIB recovery.

The weakening of the bearish momentum coupled with whale activity hints at an improvement in investor sentiment. If the ADX falls further, this could push the price higher. However, for this to happen, the memecoin must receive support from retail and institutional investors.$LINK $BTC