πŸ“Š Will Shiba Inu Price Skyrocket as Whales Accumulate 30 Trillion $SHIB ?

David Tevzadze - Jan 27 - - Dev Community

πŸ‹ Whales Signal Confidence in SHIB
Shiba Inu (SHIB) remains steady above $0.00002 as large holders accumulate 30 trillion SHIB. This whale activity reflects confidence in long-term holding and suggests potential for a bullish trend if buying pressure increases.

πŸ“Š Active Addresses Point to Recovery
Recent spikes in active SHIB addresses have historically coincided with price recoveries. On January 1, 2025, active addresses surged to 221, aligning with a price bounce. Sustained network activity may signal renewed investor interest and bullish sentiment.

πŸ“ˆ SHIB Price Analysis and Forecast
SHIB trades at $0.00002009, consolidating near the $0.00002 support level. A breakdown could push prices toward $0.00001500, while a bounce may lead to retests of $0.00002500 and $0.00003000. The RSI at 45.55 indicates neutral momentum, with potential for further movement.

πŸ“Œ Key Takeaways
SHIB is at a critical juncture, with whale accumulation and rising active addresses suggesting bullish potential. A sustained increase in investor participation could drive SHIB to higher resistance levels in the near term.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement. Participation in these promotions is entirely voluntary, and you should carefully review the terms and conditions before proceeding.
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