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Shiba Inu Whale Moves Explode 258%, Sparking Market Frenzy
The cryptocurrency market has been abuzz with activity recently, and the latest development in the Shiba Inu (SHIB) space has sent shockwaves through the industry. According to recent data, a significant whale move has occurred in SHIB, with the token’s price exploding by an astonishing 258%!
This sudden surge in value has sparked widespread market frenzy, with investors scrambling to get in on the action before it’s too late. As I analyzed this event, my findings suggest that Shiba Inu is not yet ready for a sustained break of its $0.0000298 resistance level.
Despite this, SHIB continues to be an eye-catching asset due to the enormous whale move just witnessed. The question on everyone’s lips now is: can SHIB maintain its upward momentum and push past the aforementioned barrier?
If SHIB breaks this level, it would pave the way for a fresh uptrend in price action. Prior to that happening, I believe we’ll see SHIB attempting to challenge the $0.00003 resistance mark.
However, if SHIB fails to climb above these levels, traders should be prepared for a dip towards the daily SMA 50 at approximately $0.000025, where it might find support.
Source: u.today
