The post Shiba Inu Price Eyes 300% Rally As SHIB Whale Activity Surges appeared on BitcoinEthereumNews.com.

The Shiba Inu price could rally as much as 300% as SHIB whale activity is on the rise, a bullish development for the second-largest meme coin by market cap. Other on-chain metrics also paint a bullish for SHIB and indicate that its bull run could begin anytime from now. Shiba Inu Price Eyes 300% Rally In an X post, crypto analyst Javon Marks predicted that the Shiba Inu price could soon record a 300% rally. This came as he noted that the top meme coin is still fresh off a confirmed Hiden Bull Divergence and holding above the level it recently broke out from. In line with this, the analyst stated that SHIB could be getting ready for its “next level” performance, which could send its price towards the $0.000081 target. He added that this over 300% rally could be imminent. A Shiba Inu price rally to the $0.000081 target is significant as it could pave the way for the second-largest meme coin to reach and possibly surpass its current all-time high (ATH) of $0.000088. Meanwhile, this SHIB rally looks imminent, considering that the meme coin is currently playing catch up to DOGE, which is on a roll at the moment. The Dogecoin price is up over 23% in the last seven days. Meanwhile, SHIB has recorded a single-digit gain of just over 5% during this period. Shiba Inu is expected to enjoy more significant gains soon enough since it typically mirrors DOGE’s price gains. SHIB Whale Activity Surges IntoTheBlock data shows that Shiba Inu whale activity is on the rise. SHIB’s large transactions have surged by almost 4%, which suggests that whales are actively accumulating the meme coin. This presents a bullish outlook for the Shiba Inu price, considering that these whales typically contribute to price discovery and could…

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Filed under: News - @ November 9, 2024 12:24 am