Shiba Inu Whale Moves $21.7M in SHIB, Sparking Bullish Momentum
Shiba Inu (SHIB) is back in the spotlight as a whale has added $2.54 million worth of SHIB to their wallet.
According to Arkham Intelligence, the whale 0x9d9f… has added 98.196 billion SHIB from Coinone on November 29 after a month of not buying. This brings their total SHIB holdings to $21.72 million.
Since June this address has bought 83.63 million SHIB at an average price of $0.00001842. Looks like a long term play. This is in line with the overall Q4 crypto bull run. Good for SHIB.
This is institutional like buying, investors are getting optimistic again. Analysts are calling for higher prices for SHIB as whale activity and overall market sentiment is positive.
Shiba Inu Price Outlook: Testing Key Resistance
Shiba Inu (SHIB/USD) is at the pivot point $0.0002520. Consolidation pattern with a breakout soon. Immediate resistance at $0.0002654, then $0.0002811 and $0.0002953. Support at $0.0002499 and $0.0002360, bulls need to defend these zones.
RSI is 56, bullish momentum but not overbought. 50-EMA at $0.0002520 is at the pivot point, so near term support. 200-EMA at $0.0002540 is neutral.
A breakout above $0.0002654 could be bullish continuation. Failure to break resistance could be retest of lower support zones.
Key Insights: Shiba Inu and Whale Activity
- Massive Accumulation: A whale added $2.54M worth of SHIB, raising total holdings to $21.7M.
- Resistance Levels: Break above $0.0002654 targets $0.0002811 and $0.0002953.
- Support Zones: Immediate support lies at $0.0002499, with lower levels at $0.0002360.
The Bigger Picture
Shiba Inu is showing strength due to whale activity and growing interest. Symmetrical triangle pattern and a breakout is near. SHIB investors are looking for a rally as resistance is near. Q4 crypto bull run, Shiba Inu is positioning for more upside.
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