The post Can Shiba Inu Price 4X With Massive 7,000% Whale Accumulation appeared on BitcoinEthereumNews.com.

Shiba Inu price could follow Dogecoin’s footsteps and rise by 4X after SHIB whale accumulation skyrocketed by over 7,000% in the past 7 days. Whale accumulation is a signal that large investors are confident in the crypto asset and are anticipating that the price will move up in the future. SHIB price is hovering around $0.00001880 after dropping 0.6% in the past 24 hours, mimicking Dogecoin’s price retracement. SHIB price has been lackluster during the electioneering period, but massive whale accumulation signals this may be about to change. Shiba Inu Price Surge Imminent Amid  7,000% Whale Accumulation SHIB whales sense something is about to happen as they have been loading up on the tokens massively over the past week. Data from IntoTheBlock (ITB) shows whales have increased their SHIB holdings by 7,469% in just 7-days. Although the monthly NetFlow is still down 3,000% compared to the last month, the increase over the week suggests the trend is changing. This is confirmed by a spike in the large holder transaction count, which increased from 53 transactions (txs) to 324 txs. This suggests that large investors are keenly interested in SHIB because they anticipate the price may surge. Famous crypto analyst Javon Marks still maintains his prior prediction that SHIB price will rally to $0.000081. According to Marks, the SHIB Relative Strength Index (RSI) confirms a falling wedge bull pattern on the daily chart. If his assessment if correct, this will constitute a 4X rally from the current price. SHB Price Analysis: Barriers To Beat For 4X Returns Shiba Inu price forecast shows an asset broken out of a symmetrical triangle. The triangle is within a four-month range with resistance at $0.00002050 and support around $0.00001260. The price is currently hovering above the upper trend resistance  (R1) of the triangle, and further…

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Filed under: News - @ November 7, 2024 6:28 am