Is there a risk in the price increase of Shiba Inu Coin (SHIB)? This requires exploring several key points

First, 4 trillion SHIB tokens were quietly transferred between two mysterious wallets, with a value of nearly $100 million. This incident caused a great sensation in the cryptocurrency circle, and everyone is speculating on the reasons behind it.

Such large-scale operations by large investors often cause market fluctuations because they may be preparing to sell or change positions. Small investors are very worried that once large investors withdraw, the price of Shiba Inu Coin will fall. After this transaction, the price of Shiba Inu Coin did fall by nearly 5%.

Let's talk about the situation on the Fed side. Fed Chairman Powell said that the US economy is in good condition and there is no need to rush to cut interest rates. This has reduced the market's expectations for a rate cut in December, and the cryptocurrency market has also been hit. The prices of Bitcoin, Ethereum and Shiba Inu Coin (SHIB) have all fallen.

The Fed's cautious attitude has caused some investors to avoid high-risk assets, and the rise of Shiba Inu Coin (SHIB) may be hindered.

From a technical perspective, the price of Shiba Inu Coin (SHIB) is stuck at $0.00002600, which is in a dilemma. Below, $0.00002480 is a support level, and its price has been hovering around this support level in recent days.

Although some indicators show that Shiba Inu Coin (SHIB) has an upward trend, it has shown signs of "overbought" and is likely to face a correction. Moreover, its trading volume and the number of open contracts are decreasing, which may mean that the market's interest in Shiba Inu Coin (SHIB) is gradually decreasing.

However, Lucie, the marketing director of Shiba Inu Coin (SHIB), is more optimistic. She thinks there is still room for growth, and the price may reach $0.00006 or $0.0001.

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