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Cardano Sees Highest Bullishness in Months
Given the asset’s recent poor performance, any bullish continuation must maintain support at this level. A price spike is not assured even though the rise in whale activity is encouraging. External macroeconomic factors, general crypto trends and market sentiment will all influence SHIB’s next course of action.
Shiba Inu may enter a longer-lasting upward trend if whale accumulation persists and significant resistance levels are overcome. But if important supports are not held, there may be more downward pressure. Investors can currently predict SHIB’s next possible move by keeping a close eye on key technical levels and on-chain data.
Though market conditions will ultimately determine whether this rally gains momentum or fades away, the comeback of whale interest suggests optimism.
This article was originally published at [U.Today](https://u.today/cardano-sees-highest-bullishness-in-months/).
Source: https://u.today/365-shiba-inu-shib-whale-comeback-what-caused-it
