Will Whale Activity Push Shiba Inu to a 37% Breakout?
- Shiba Inu faces strong resistance at $0.00001190 despite 79% surge in trading volume
- Token burn stalls with 100% drop, but 4.7T SHIB remain locked in staking
- SHIB futures open interest dips 2.93%, with Binance holding dominant share
Shiba Inu (SHIB) has recently shown intriguing price behavior that has caught the attention of traders and crypto enthusiasts. Despite a minor daily dip of 0.40%, investor interest remains elevated.
The spotlight now turns to a potential breakout fueled by heightened trading activity and large wallet movements. A recent spike pushed SHIB to $0.00001190, only to face immediate rejection.
This pattern, combined with whale accumulation and sudden volume surges, has raised speculation about a possible 37% rally. Still, several hurdles must be cleared before bulls can truly take charge.
Trading Volume Surges, But Resistance Remains Strong
The recent 79% spike in trading volume reflects renewed enthusiasm in SHIB. Such a rise often precedes large price movements. However, the current price action shows a struggle to break beyond $0.00001190.
This level marks the high of the recent rally and remains a solid resistance poin…
The post Will Whale Activity Push Shiba Inu to a 37% Breakout? appeared first on Coin Edition.
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Will Whale Activity Push Shiba Inu to a 37% Breakout?
- Shiba Inu faces strong resistance at $0.00001190 despite 79% surge in trading volume
- Token burn stalls with 100% drop, but 4.7T SHIB remain locked in staking
- SHIB futures open interest dips 2.93%, with Binance holding dominant share
Shiba Inu (SHIB) has recently shown intriguing price behavior that has caught the attention of traders and crypto enthusiasts. Despite a minor daily dip of 0.40%, investor interest remains elevated.
The spotlight now turns to a potential breakout fueled by heightened trading activity and large wallet movements. A recent spike pushed SHIB to $0.00001190, only to face immediate rejection.
This pattern, combined with whale accumulation and sudden volume surges, has raised speculation about a possible 37% rally. Still, several hurdles must be cleared before bulls can truly take charge.
Trading Volume Surges, But Resistance Remains Strong
The recent 79% spike in trading volume reflects renewed enthusiasm in SHIB. Such a rise often precedes large price movements. However, the current price action shows a struggle to break beyond $0.00001190.
This level marks the high of the recent rally and remains a solid resistance poin…
The post Will Whale Activity Push Shiba Inu to a 37% Breakout? appeared first on Coin Edition.
Read More