The price of the SHIBANU metal currency decreased 6 %, but the whale movements and the hint of the upper style at the outbreak of 0.0045 dollars

Shiba Inu (SHIB) faces a volatile weekend, as prices recorded a loss during the day by 6 % on Saturday to trade at 0.0000143 at the time of the press. Despite the Dip, the standards on the chain and a strong technical hint that the Shiba Inu is likely to form an upward outbreak to $ 0.000045.

The SHIBA Inu price decreased by 6 % today, amid a decline in Mimi

The price of the Sheba Ino coin decreased by 6 % in 24 hours to trade at its lowest level in one week. The decrease follows a huge rise in the long qualifiers, as Codinglass reveals more than Millions of dollars in the long SHIB qualifiers In 24 hours. However, the decline is not unique for Jiba Ino with the recovery of the entire Mimi currency market. COININCO data shows that the maximum Meme Coin market has decreased by approximately 2 % in 24 hours, with all higher metal currencies registered in a highly slope sale.

Despite the declining winds that affect the price of SHIB, many scales, including whale movements, technical expectations and exchange data, reveal that a large and imminent gathering.

The whale moves a waving signal on the horizon

The platform on the Santiment series reveals a rise in whale activity, which indicates that historical patterns have always preceded noticeable gains for the price of SHIBA Inu. The number of transactions for whale addresses that carry more than a million dollars have doubled from the distinctive SHIB symbols between May 8 and May 15.

If the activity of the whale continues this week, this upper metal currency may refresh, as historical data shows that the number of high transactions often is upward for the price. For example, in November 2024, the whale activity increased when Shayba Eno reached an annual increase of $ 0.000033.

Double -bottle hints in the gathering to $ 0.000045

Technical expectations also indicate that the price of the Shiba Inu currency is about to get the distinguished gathering to $ 0.0045. Double lower pattern on the weekly graph also supports a prediction of the oud Chipa Ino prices, as the trend is reflected from the declining direction to the upward trend.

SHIB defended the level of support at $ 0.0000107, and if he can bounce strong from here to resist the first neckline of $ 0.000033, the bullish trend will push him to $ 0.000045.

Repeating tapes AO erupts in the outbreak of SHIB, which is waving on the horizon after the green scale turned, albeit negative, to indicate that the declining momentum weakens. However, the weekly relativity index is struggling to separate from 50, which indicates a weak activity on the purchase side. The collapse above 50, as AO bars also cross over the zero line, will confirm the bullish transition to $ 0.0045.

The Details of the Destruction of the Binance Exchange supports the technical expectations above as traders build their long sites towards Shiba Inu. According to the long/short percentage, 73 % of the futures traders in this exchange opened long sites.

This long bias, along with the high number of transactions in the whale and the composition of a double -bottom pattern shows that despite the last withdrawal, the price of the Sheba Ino coin has the ability to reach $ 0.000045. Consequently, the decline of 6 % may be a temporary setback before the accumulation of the buyer supports the next upward leg.

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Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.

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