Amid the constantly downstream market feelings, Shiba Inu (SHIB), the second largest Mimi currency in the world, receives great attention from whales and long -term holders.
The eyes of the whale on the graying
Data from the Inteother Corporation revealed that SHIB has witnessed a large increase of 2025 % in large holder flows, indicating an increase in interest in the MG currency.
This indicates a possible SHIB bottom, where whales tend to buy in large quantities during large market corrections. In addition, this important jump in the large pregnant flows indicates possible purchase opportunities, as exchanges recently witnessed prominent Shib flows, indicating that the assets are transferred from stock exchanges to cold wallets.
Current price momentum
With this tremendous participation and bullish activity, SHIB has recorded an impressive profit of 2.50 % over the past 24 hours and is currently being traded near $ 0.00001288. However, during the same period, the trading volume decreased by 22 %, indicating a decrease in participation from traders and retail investors compared to the previous day.
This decrease in trading volume seems to be highly fluctuated, which seems to cause confusion between traders and investors.
Shiba Inu (Shib) and the upcoming levels
According to expert technical analysis, SHIB’s price increases indicates the outbreak of the scattered direction line, which has been a strong resistance since mid -January 2025. In addition, Meme is currently approaching the level of decisive support of $ 0.000012. With this last penetration, it appears that the overall feelings of Shaib turn from the broader landing to the rise.
Based on the latest procedures for prices and historical momentum, if SHIB rises and a daily candle closes or four hours above the level of 0.0000132 dollars, there is a strong possibility that it may rise by 50 % to reach $ 0.0000203 in the coming days.
As of now, the MEME currency is traded by the EMA (EMA) on both daily time frames and four hours, indicating that SHIB is in a declining direction on both long and shorter time frames.
