🚨 4.78 Trillion SHIB in 24 Hours: What’s Happening? 🚨

Shiba Inu (SHIB) is making headlines again, with notable market activity driving attention from both retail traders and analysts.

Key Highlights

  • Decline in Whale Activity: Large SHIB transactions, a marker of whale involvement, dropped by 20.73%, equivalent to 4.78 trillion SHIB or $121.29 million in 24 hours.

  • Retail Investors Step Up: Trading volume surged by 92%, reaching $3.19 billion, signaling a retail-driven rally as smaller investors take the stage.

  • Price Surge: SHIB’s price jumped 13% in the past 24 hours, trading at $0.00002768, with an intraday high of $0.00002816.

Price Analysis

  • Resistance Levels: Immediate resistance sits at $0.0000281. A breakout above $0.000029 could confirm a bullish inverted head-and-shoulders pattern, targeting $0.000039 and eventually $0.000047.

  • Support Levels: A dip below $0.000023 would indicate renewed bearish pressure, potentially pulling SHIB down to the 50-day SMA at $0.000020.

Market Sentiment

  • The retail surge suggests traders are betting on short-term growth opportunities despite reduced whale activity.

  • A break above $0.000029 could spark significant bullish momentum, making SHIB a coin to watch closely.

With a mix of rising retail interest and critical resistance levels ahead, SHIB holders should brace for potential price volatility in the coming days. Will the bulls hold their ground? Stay tuned!

#ShibaInu #SHIB #CryptoNews

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