Whale Purchases 583 Billion SHIB as Shiba Inu Price Prediction Hits $0.000015


As the whole cryptocurrency market experiences a gloomy selloff today, the price of Shiba Inu has fallen by 8% in the last 24 hours, plunging to $0.00001528.

The meme token has managed to hang onto a 100% gain in a year, whereas SHIB has lost 10% in a week and 36% in the previous 30 days.

One whale bought 583 billion SHIB, or almost $10 million, in the last 24 hours, suggesting that today's decline gave investors a great chance to purchase the dip.

It may be a good moment to get Shiba Inu tokens before they bounce, considering how much the market has oversold them in the last several weeks.


With all of its indicators in positions that often presage a comeback, Shiba Inu's chart suggests that the meme currency has struck rock bottom.

The most striking indicator is the relative strength index, which has dropped to 25 this morning, indicating that it is now oversold.

The orange 30-day moving average has also hit a new low compared to the blue 200-day average, so the situation is pretty much the same.


Anyone hoping to purchase the dip should definitely do it now, since the 30-day's plummet to such a level often occurs shortly before a rally, much like the RSI.

Given the contributing factors to today's market-wide slump, it's not out of the question that the Shiba Inu price might go down a little further before it starts to rise again.

#SHIB #SOFR_Spike $SHIB