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Shiba Inu (SHIB) Inflows Skyrocket 206% as SHIB Price Flips Green
A surge in large holder inflows has been witnessed in Shiba Inu (SHIB), resulting in a significant increase of 206%. This remarkable rise indicates that considerable buying activity is taking place, which may have a positive impact on the cryptocurrency’s price.
As of today, SHIB is trading at $0.00001431, up 4.14% in the last 24 hours. It is essential to monitor this trend closely, as it could be an indication of a major shift in market sentiment.
The recent spike in large holder inflows may signal that these addresses are buying in significant quantities after recent sell-offs. In most cases, this type of activity tends to occur near market bottoms, which could lead to further price gains if sustained.
However, it is crucial for traders to be cautious and not get caught up in the excitement too quickly. SHIB still faces a critical resistance level that may need to be overcome before we can say the cryptocurrency has truly broken out.
Market sentiment remains delicate, and sustained buying pressure will be necessary for SHIB to continue its upward trajectory.
Source: https://u.today/shiba-inu-inflows-skyrocket-206-as-shib-price-flips-green
