At a sudden junction, Shiba Eino (SHIB) has witnessed a 228 % increase in the volume of large transactions, an indication of whale activity.
according to INTOTHEBLOCK Data, the large volume of transactions in Shiba Inu has increased by 228.41 % in the past 24 hours to reach 17 million dollars or 1.27 trillion grains in encryption terms.
Large transactions indicate those that exceed $ 100,000, and the increase in the size of these transactions may indicate whale activity, either buying or selling.
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After a fixed decrease in the volume of large transactions since April 28, Shayba Eno rose at the beginning of May, increasing from 383.55 billion graying to 1.27 trillion grains on May 2.
At the time of writing this report, Shayb has decreased by 1.34 % in the past 24 hours to 0.00001323 dollars, as the majority of the encryption market witnessed profits.
Is something coming?
The recent increase in whale activity is to attract attention as SHIB stands on the edge of a giant barrier where 539.28 trillion Shaib has been purchased in advance.
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According to InTothheblock DataNext to the place where SHIB is trading is a huge resistance area located in the range of $ 0.000014 to $ 0.000019. This is where the amazing SHIB symbols are kept 539.28 trillion by 150,680 titles at an average price of $ 0.000016.
If the SHIB price can break this level, it may raise a bullish gathering after a flood of purchase orders, thus paying the price up. On the other hand, a lack of purchase pressure in this range may lead to decline or unification.
Sheba Eno’s attempt to wander around this region crowned an altitude of $ 0.00001525 on April 26, after which she refused to trade in a domain.
With the inclusion of the SHIBA Inu price, the market will search for evidence of the following penetration of SHIB while noting the morale of investors.
