🐕 Shiba Inu (SHIB) Surges 13% Despite Drop in Whale Activity!

Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is making waves in the market with a 13% price surge in the past 24 hours, despite a decline in whale-driven transactions. Here’s a breakdown of the action:

Key Highlights:

🔹 Whale Activity Drops

Large SHIB transactions — a measure of whale activity — have dropped 20.73% over the last day, totaling $121.29 million or 4.78 trillion SHIB tokens.

🔹 Retail Traders Step Up

While whales take a backseat, trading volume has surged by 92% to reach $3.19 billion. This points to smaller investors actively driving SHIB’s momentum.

🔹 Price Action

SHIB has climbed from lows of $0.000023 on Nov. 21 to its current price of $0.00002768.

An intraday high of $0.00002816 was recorded today.

Bulls need to push past the $0.0000281 resistance to retest the $0.000029 level and potentially form a bullish inverted head-and-shoulders pattern.

What’s Next for SHIB?

📈 Bullish Scenario:

A breakout above $0.000029 could set SHIB on a path to $0.000039 and even the target of $0.000047.

📉 Bearish Scenario:

If SHIB falls below $0.000023, it may signal a bearish trend, with the price potentially dropping to the daily 50 SMA at $0.000020.

The rise in retail trading activity shows growing interest in SHIB as traders look to capitalize on its volatility and growth potential. With SHIB gaining momentum for the third consecutive day, all eyes are on whether bulls can sustain this rally.

💬 Are you bullish or bearish on Shiba Inu? Share your thoughts below!

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