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Shiba Inu Price Analysis: Rising Whale Activity Signals Potential Breakout Coingape 09 Ağu 2024

Shiba Inu Price Analysis: Rising Whale Activity Signals Potential Breakout 🐋

Shiba Inu price experienced a rebound on Thursday, setting a six-month low after a recent market crash. Although SHIB's price is trending upwards, the overall trajectory remains downward. However, increased whale activity indicates a potential breakout as new whales have accumulated over 220 billion SHIB, equivalent to $3.11 million. This signals growing interest from large investors, but Shiba Inu has more strides to make before a complete turnaround is confirmed. Whale activity is a critical factor in the price movements of Shiba Inu, and the recent surge in whale purchases could indicate a positive change. For investors and followers of the cryptocurrency market, this uptick in whale activity is a significant development worth monitoring.

Kaynak: coingape.com ↗

Benzer makaleler (110)

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Surge in Shiba Inu Whales: 171% Increase in Large Transactions Amid Market Sell-Off
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Shiba Inu (SHIB) Sees 285% Surge in Whale Activity as Large Holder Netflows Soar
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Shiba Inu Whale Activity Surges 240% Sparking Increased Price Volatility
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Shiba Inu Price Positioned for Rally After Major Whale Acquisition of 220 Billion SHIB
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Shiba Inu Whales Prepare for Potential Breakout Amid Decline in Large Transactions
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Shiba Inu (SHIB) Whale Activity Surges: 10 Trillion SHIB Traded Amid Market Chaos
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Shiba Inu Token Sees 36.6% Surge in Large Transactions Amid Whale Activity Shift
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Shiba Inu (SHIB) Sees Massive Whale Activity and 29% Price Surge Amid Market Volatility
Scam Alerts and Whale Dominance: Shiba Inu (SHIB) Faces Mixed Market Signals Coinotag 15 Ağu 2024
Scam Alerts and Whale Dominance: Shiba Inu (SHIB) Faces Mixed Market Signals
Shiba Inu (SHIB) Price Recovers Amid Whale Interest and Market Dynamics Coinotag 09 Ağu 2024
Shiba Inu (SHIB) Price Recovers Amid Whale Interest and Market Dynamics