Shiba Inu Price Analysis: Rising Whale Activity Signals Potential Breakout
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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.
Source: coingape.com ↗
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