news 
Title: 5.5 Trillion Shiba Inu (SHIB) Surge Surprises Community
A sudden and unexpected surge in SHIB’s price has caught the community off guard, with a staggering increase of over 49.55% in just one day. This unprecedented growth is primarily attributed to a massive spike on March 20th, which has sparked concerns about a potential accumulation by significant wallets or deliberate reallocation to cold storage.
As the chart indicates, despite a sharp decline in 30-day outflows of 68.33%, there is growing evidence that whales may be positioning themselves for long-term gains. This shift away from instant selling could lead to a critical market change, as these players are often responsible for driving the price up or down.
It appears that recent events have led investors and traders alike to become increasingly cautious in their approach. The market’s reluctance to rally despite this sharp increase may be attributed to the possibility of whales entering long positions, which would suggest further consolidation before a potential upward trend.
While the short-term picture remains uncertain due to the precarious nature of SHIB’s price structure, it is essential to note that any confirmed break above resistance could lead to an immediate relief rally towards the 100-day moving average.
Source: https://u.today/55-trillion-shiba-inu-shib-surge-surprises-community
