Shiba Inu price rebounded on Thursday, establishing a six-month low after the recent market crash. The price of SHIB is trending upwards, but the overall trajectory is downward. Whale activity is rising as new whales snag over 220 billion SHIB worth $3.11 million.
Shiba Inu still has some way to go before it can turn bullish. Two major resistance levels appear overhead. To surpass them, SHIB will require much more volume.
Uptick in SHIB Whale Activity Signals Accumulation
Despite the aforementioned bearish outlook, Shiba Inu whales are active, as shown by the Whal transaction cont metric. This indicator tracks individual SHIB transfers worth $100,000 or more. Whale activity has recently picked up around Shiba Inu, as observed by looking at IntoTheBlock’s large transaction count metric.
The number of large transactions involving SHIB increased from August 7 to August 8, signaling an uptick in investors’ interest, which is bullish for the Shiba Inu price.
Additionally, Arkham Intel
We współpracy z: https://coingape.com/markets/shiba-inu-price-analysis-rising-whale-activity-signals-potential-breakout/
