Shiba Inu, the world’s second largest meme coin, is receiving tremendous attention from whales and long -term holders.
Whale Eye
According to the data from Intotheblock, a thermal chain analysis company, Shib witnessed a significant increase of 2,025% from the inflow of large holders and increased interest in memes coins.
This suggests the potential floor of SHIB because whales tend to buy in large quantities during a significant market correction. In addition, these considerable jumps in the inflow of large holders suggest potential purchase opportunities because the exchange has recently seen a notable SHIB leak.
Current price momentum
With this massive participation and strong activity, SHIB has recorded an impressive profit of 2.50%over the last 24 hours and is currently dealing with nearly $ 0.00001288. However, during the same period, trading volume decreased by 22%, indicating that the participation of traders and retail investors was lower than the previous day.
This reduction in trading volume seems to cause confusion between the trader and the investor because of its high volatility.
SHIBA INU (SHIB) Technology Analysis and coming
According to expert technology analysis, SHIB’s recent price surfement suggests a breakout of the descent trend, which has been a strong resistance since mid -January 2025. MEME COIN is also close to an important support level of $ 0.000012. With this recent escape, the overall feelings of Svive appear to be converted from wider weakness to fall.
Based on the recent price behavior and historical propulsion, if the SHIB closes and closes and closes the candle for daily or 4 hours from the $ 0.0000132 level, the possibility of reaching 0.0000203 may increase 50%.
Currently, MEME COIN is traded below 200 index moving average (EMA) in both daily and four -hour frames, indicating that SHIB is in a decline in both longer and shorter time frames.