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Shiba Inu (SHIB) is attracting market attention as investors’ interest and confidence is rising again with a collection of 220 billion tokens made by the whale.
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The strong movement among the whales coincides with a significant increase in the price of 4.47%, which is in contrast to memecoin’s recent performance.
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“The increase in this impressive collection reflects good market sentiment,” said a COINOTAG representative.
Shiba Inu (SHIB) is in a big uptrend and recovering from recent price drops as whale investors are accumulating large amounts of tokens. Will this bull trend continue?
Whaling activity supports the increase in SHIB Value
Drinking Shiba the price The latest increase can be attributed to the actions of whales, known as large investors. Lookonchain According to the data, a single whale is approx $4.63 million It went with 220 billion tokens. This important transaction is a sign of a possible change in market activity, as the whale remains inactive for five months before making this collection.
Saintly The data also confirms this trend; Total whale mining has exploded to 2.32 trillion SHIB tokens in the last week. A rally like this generally indicates a positive outlook as large holders expect an increase in market value.
Changes in Market Sentiment
This increase in whale activity reflects a broader shift in market sentiment; Because crypto whales They often act based on information analysis and market trends. Aggregate activity shows that whales are using recent price fluctuations to increase their stocks; This situation usually occurs before the upward price movement. In addition, a change in transaction flow was observed; The drop in the exchange rate shows the growing demand for SHIB’s unique wallets.
Is the Shiba Inu on the Road to Recovery?
As sentiment improves, SHIB is facing increasing buying pressure. At the time of writing, this memecoin is showing strong momentum with indicators on good market analysis sites. Strong buying pressure, Relative Strength Index (RSI) and Stochastic indicators reflect bearish signals, indicating that the momentum is in favor of the bulls.
Additionally, the circulating supply of Shiba Inu is dwindling due to whales collecting ticks, drought brought about an increase. ratio of ratio-to-flow It increases to 4.87 million symbols, which indicates a decrease in supply activity; This has historically been associated with price increases if demand remains constant or increases.
The current market environment shows strong sentiment towards the Shiba Inu, making the recent price correction a strategic buying opportunity.
Reasonable Price Targets for Investors
Based on the current trend, analysts expect SHIB to continue if the pace of purchases continues. $0.000023 He suggests that you aim higher in the vicinity. On successful damage above this level, $0.000026It can lead to huge profits in . However, if investor enthusiasm declines and support levels decline, SHIB will lose approx. $0.000020 may return to standards.
Conclusion
The latest movement in the Shiba Inu market shows a significant increase in whale interest and investor confidence, which provides a positive change in market sentiment. With the current speculative buying pressure, SHIB may see some upward movement. Investors should monitor these developments carefully and be aware of possible changes. The actions of whales and the flexibility of market demand will play an important role in determining the future course of the popular memecoin.
