Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery
- Whale’s $4.6M SHIB purchase signals belief in price recovery and long-term growth.
- SHIB faces resistance at $0.00001950 and $0.00002000 amid price consolidation.
- RSI nearing oversold levels hints at potential rebound if buying pressure rises.
Shiba Inu (SHIB) has made headlines after a whale investor acquired a massive 257.5 billion SHIB tokens for $4.6 million during a recent market dip, according to Lookonchain.
This move has put SHIB back in the spotlight, with the whale’s total holdings now reaching 477.5 billion SHIB, worth about $8.57 million. This buy suggests that some investors see the current market dip as a good opportunity to stock up on SHIB, betting on a future price recovery.
Shiba Inu Price Trends and Key Support Levels
As of press time, SHIB is priced at $0.00001909, showing a 7.25% increase in the last 24 hours. However, trading volume has dropped by 14.64%, hinting at either reduced market activity or some profit-taking at the higher price levels.
Despite the dip in volume, SHIB’s price is still holding above key support levels. The $0.00001781 support zone has prove…
The post Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery appeared first on Coin Edition.
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Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery
- Whale’s $4.6M SHIB purchase signals belief in price recovery and long-term growth.
- SHIB faces resistance at $0.00001950 and $0.00002000 amid price consolidation.
- RSI nearing oversold levels hints at potential rebound if buying pressure rises.
Shiba Inu (SHIB) has made headlines after a whale investor acquired a massive 257.5 billion SHIB tokens for $4.6 million during a recent market dip, according to Lookonchain.
This move has put SHIB back in the spotlight, with the whale’s total holdings now reaching 477.5 billion SHIB, worth about $8.57 million. This buy suggests that some investors see the current market dip as a good opportunity to stock up on SHIB, betting on a future price recovery.
Shiba Inu Price Trends and Key Support Levels
As of press time, SHIB is priced at $0.00001909, showing a 7.25% increase in the last 24 hours. However, trading volume has dropped by 14.64%, hinting at either reduced market activity or some profit-taking at the higher price levels.
Despite the dip in volume, SHIB’s price is still holding above key support levels. The $0.00001781 support zone has prove…
The post Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery appeared first on Coin Edition.
Read More
ANI Rockets 96 %, CULT and OSAK Tag Along in 24-Hour Frenzy | Meme Coins To Watch Today