Shiba Inu Whales Spark 200% Surge: Is SHIB’s Price Set to Explode?

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SHIB WHALES ARE WAKING UP AND THEY’RE STARVING FOR A PRICE RISE

Oh honey, the Shiba Inu whales have finally woken up from their crypto nap, and they’re hungry for a price rise! 🐶💸 Investor interest in Shiba Inu has increased following a sharp 200% increase in large transaction volume, a crucial on-chain indicator that frequently indicates an increase in whale activity. When paired with strong technical momentum, the large money inflow might be the catalyst SHIB needed for a proper recovery.

And by “proper recovery”, I mean SHIB is currently trading at about $0.00001439 USDT, up more than 1.2% on the day. SHIB is now trading near its 100-day EMA, which is currently at $0.00001655 after rising above the 50-day EMA. The 200-day EMA could be tested close to $0.00001793 if there is a breakout above this level. 📈

Robust on-chain signals support the price action. Whales, who are usually long-term players with significant influence over market direction, are becoming more involved, as evidenced by the nearly 200% increase in large transactions – defined as those exceeding $100,000. It’s like they’re saying, “Hey, we’re back, and we’re buying!” 💸

Although significant transfers may be a sign of distribution or accumulation, the continuous price rise and consistent volume indicate that a large portion of this whale activity is driven by buy-side forces. Furthermore, the Relative Strength Index (RSI) has entered bullish territory at 58.8, suggesting that momentum is increasing without yet reaching an overextended level. It’s like the whales are saying, “We’re not just buying, we’re buying with conviction!” 💪

This gives SHIB more space to rise before reaching possible exhaustion levels. Technically speaking, after months of bearish pressure, SHIB may confirm a trend reversal if it holds above the 50 EMA and breaks the 100 EMA. Bulls are currently in control due to a favorable technical setup and whale-driven demand. It’s like the whales are saying, “We’re in charge, and we’re taking SHIB to the moon!” 🚀

Shiba Inu may be preparing for a long-term rally, as both chart patterns and on-chain data line up. Perhaps the clearest indication yet that SHIB’s next significant move is upward is the resurgence of whale activity. It’s like they’re saying, “We’re not just whales, we’re SHIB whales, and we’re here to stay!” 🐳

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2025-03-27 16:15