In the midst of the feeling of the current lower market, Shiba Inu (Shib), the second popular and the largest in the world, attracts immense attention from whales and long -term holders.
Whale eyes on shib
The data of the Intotheblock chain analysis company revealed that Shib has witnessed a significant increase of 2,025% of large support entries, indicating increased interest in the memes.
This suggests a potential background for SHIB, as whales tend to buy in large quantities for significant market corrections. In addition, this significant leap in large holders also suggests potential purchasing possibilities, as exchanges have recently been witnesses to notable outings, indicating that assets pass from exchanges to cold wallets.
Current price momen
With this massive participation and this upward activity, Shib has recorded an impressive 2.50% gain in the last 24 hours and is currently negotiating nearly $ 0.00001288. However, during the same period, its volume of negotiation fell by 22%, which indicates a lower participation of merchants and retail investors compared to the day before.
This drop in the volume of exchanges seems to be due to high volatility, which seems to cause confusion between traders and investors.
Technical analysis of Shiba Inu (SCH) and upcoming levels
According to an expert technical analysis, the recent increase in price of SHIB suggests an escape from a descending trend line which has acted as a strong resistance since mid-January 2025. In addition, the memes part is currently close to a crucial level of support of $ 0.000012. With this recent escape, the overall feeling of shib seems to drop from the larger downward decrease.
Based on the action of recent prices and historic momentum, if Shibs increases and closes a daily candle or four hours above 0.0000132, there is a high possibility that it can increase by 50% to reach $ 0.000020203 in the coming days.
Currently, the room even is negotiated below the exponential mobile average (EMA) on daily time and four hours, which indicates that Shib is in a downward trend on time both longer and shorter.
