Onchain data is buzzing ā $SHIB whales are ramping up activity, signaling a potential rally for the popular memecoin! Hereās what you need to know:
š¹ Whale Accumulation Skyrockets: In the past 7 days, $SHIB whale activity surged over 7,469%, hinting at renewed confidence and accumulation among major investors.
š¹ Price Outlook: SHIB is currently trading at $0.00001880, moving sideways. Analyst Javon Marks forecasts a possible rise to $0.000081, representing a potential 400% increase. SHIBās RSI suggests a bullish falling wedge on the daily chart.
š¹ Chart Breakout: $SHIB has broken out of a symmetrical triangle pattern, hovering between $0.00002050 (resistance) and $0.00001260 (support). A breakthrough above the $0.00002050 level could trigger a 45% surge to $0.00002, followed by a 68% rise to $0.000032, and ultimately reaching the $0.000081 target.
š” Next Steps: Watch for increased volume to confirm momentum beyond the upper resistance. The stage is set for potential major moves!
š Are you ready for a SHIB rally? Share your thoughts below!