Amidst the constant uncertainty in the market, she gained Shiba Inu (SHIB), which is the famous Meme, the second, and the second, a great interest in encryption fans and took a big step. Today, February 6, 2024, the BLOCKCHAIN document on X (previously Twitter) was published that the encryption whale has transferred 1.239 trillion chip codes, at a value of $ 20.136 million, from the Kaken Cryptocurrency Stock Exchange.
The whale moves 1.23 trillion gray
However, the title of the portfolio of this deal is still unknown, and these important transactions after the huge price decrease to a possible accumulation. The current market morale seems to have witnessed, along with the main cryptocurrencies, significant declines in prices in recent days.
Shiba Inu (SHIB) and the next level
Amid this market collapse, SHIB has witnessed a decrease in prices by more than 35 % and reached the level of decisive support of $ 0.000015, which has a date of price reflection.
Based on modern prices of prices and historical momentum, if SHIB carries this support level, there is a strong possibility that can increase by 30 % to reach a level of $ 0.000020 in the coming days. However, the current feelings seem unfavorable to the expected level due to the ongoing economic tensions between the United States, China, Canada and Mexico.
However, this level seems to be an ideal purchase chance. SHIB is currently trading less than the Si -moving average (EMA) on the daily timeline, indicating that it is in the direction of a decline.
Main liquidation levels
Through this basic procedure, merchants are excessive at the level of 0.0000155 dollars on the bottom side and a level of 0.0000165 dollars on the upper side, according to Coinglass Data.
If the market morale remains unchanged and the price decreased to the level of 0.0000155 dollars, approximately $ 350,000 of the long positions will be liquidated. On the contrary, if the feelings turn and the price rises to a level of $ 0.0000165, approximately $ 625,000 of short centers will be filtered.
When combining these scales on the series with technical analysis, it appears that traders who occupy short sites dominate the original.
Current price momentum
As of now, the MEME currency is trading near $ 0.0000158 and has seen price increases to more than 2.80 % over the past 24 hours. However, during the same period, the trading volume decreased by 25 %, indicating a decrease in participation from merchants and investors compared to previous days.
