🐶 Shiba Inu ($SHIB ) Sees 671% Surge in Whale Activity—Is a Major Breakout Imminent?
According to IntoTheBlock data, Shiba Inu is experiencing a massive 671% increase in large holder inflows, a metric tracking funds moving into whale addresses. This surge suggests significant buying activity, potentially signaling a price bottom after recent corrections.
🚀 Current Market Action: SHIB is up 8.36% in the last 24 hours, trading at $0.00001548, with a 17% gain weekly. The broader crypto market is also rallying, driven by the Fed's rate cut signals, benefiting assets like Shiba Inu.
📈 Breakout on the Horizon?: Analysts are eyeing the daily SMA 50 at $0.00001561—a key resistance level. If SHIB can break and sustain above this, we might see it targeting $0.00002 and $0.00003. However, if bulls can't maintain momentum, support may be found at $0.000010.
Will SHIB finally break out, or will it face resistance? Keep an eye on this meme coin as the next few days could be crucial!
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