rise in whale accumulation. Key resistance at $0.00002050 could lead to a target of $0.000081 if broken. Over the past week, whale investors have increased their SHIB holdings by 7,469%, suggesting a shift in trend despite a monthly NetFlow decline of 3,000%. The number of large transactions also spiked from 53 to 324, indicating heightened interest among major investors who anticipate a price surge.
Renowned analyst Javon Marks maintains his prediction of SHIB reaching $0.000081, a potential 4X increase. According to him, the SHIB daily chart displays a falling wedge bullish pattern, confirmed by the Relative Strength Index (RSI). Price analysis shows SHIB has broken out of a symmetrical triangle, with critical resistance at $0.00002050 and support near $0.00001260. Clearing this resistance could drive SHIB to $0.000028, then to $0.000032, and ultimately toward $0.000081.
Technical indicators show promising signs: the Average Directional Index (ADX) is low but rising, indicating increasing volatility, while the Moving Average Convergence Divergence (MACD) suggests a bullish crossover. With the RSI at 56.96, SHIB has upward potential before reaching overbought territory, supporting a possible price rally.
Note: Expert opinions are for reference only. Always conduct your own research before making any investments.#NovemberMarketAnalysis #PensionCryptoShift #shiba⚡ $SHIB
