$SHIB SHIB Market Analysis
_On-chain Data:_
- Large transactions: 341 in the last 24 hours
- Total volume of large transactions: 5.7 trillion SHIB
_Price Chart Analysis:_
- Uptrend channel pattern
- Current price: $0.00002550
- 50-day exponential moving average (EMA) supporting the price
- 200-day EMA closing in below the current price, indicating a medium- to long-term bullish trend
- Bollinger Bands: slightly expanding, indicating increasing volatility and potential for substantial price moves
- Relative Strength Index (RSI): 54.79, indicating SHIB is not oversold or overbought, potential for upward move
_Conclusion:_
- Increased large transactions and volume suggest whales are repositioning, potentially in anticipation of major price action
- Technical indicators support a medium- to long-term bullish trend
- Increasing volatility and potential for substantial price moves