Shiba Inu’s price is consolidating, with key indicators showing reduced momentum, creating an opportune moment for large investors, or 'whales,' to purchase. This buildup could lead to a 32% gain if a broader market buying spree ensues.
Shiba Inu's price, in a sideways trend, faces resistance at $0.000018 and support at $0.000016. Decreased volatility seen in narrowing Bollinger Bands suggests a breakout is possible. This phase presents a prime entry point for large investors, with an observed uptick in their holdings.
Data reveals a rise in Shiba Inu whales holding between 10,000 and 1,000,000 coins, indicating growing interest. A 15% increase in large-holder inflows over a week suggests significant purchases, hinting at bullish market sentiment that could also draw retail investors.
If whale-driven momentum escalates, Shiba Inu's price could surpass the $0.000018 cap and continue to $0.000020, a level last reached in June. Conversely, waning whale activity could stagnate prices in the current range or dip them below $0.000016.
