Shiba

Convergence

Future

Shiba Inu

Divergence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inus-trading-value-surges-amid-high-whale-activity/" data-wpel-link="internal">Shiba Inu’s Trading Value Surges Amid High Whale Activity</a><br></p>
<p style="text-align: justify">The popular altcoin <strong><a href="https://en.coin-turk.com/shiba-inu-team-announces-fourth-major-shib-burn/" data-wpel-link="internal">Shiba</a> Inu</strong> (SHIB) has recently recorded a significant increase in trading value. This change in the altcoin indicates a notable recovery after a long period of value loss. At the time of writing, SHIB’s price has risen by 3.12% in the last 24 hours to $0.000009361. The altcoin’s current market value has increased by 3.09% during the same period, reaching a total of $5.53 billion. Moreover, trading activity surrounding SHIB has increased. There has been a rise in trading volume reaching $133 million in the last 24 hours. However, the altcoin’s journey has not been without challenges. After reaching a high of $0.00001125 at the beginning of the month, the price added an extra zero as it turned downward.</p> 
<h2 style="text-align: justify" id="strong-high-whale-activity-strengthens-shiba-inu-s-position-strong"><strong>High Whale Activity Strengthens Shiba Inu’s Position</strong></h2> 
<p style="text-align: justify">SHIB’s price is moving upward with bullish market sentiment. Over the past week, the altcoin’s price fluctuated between $0.000009 and $0.000009502. This volatility underscores the tug-of-war between bulls and bears in the market, each vying for dominance in influencing SHIB’s value.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-305245" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-SHIB.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">There has been a significant increase in SHIB’s on-chain activity recently. Data from <strong>IntoTheBlock</strong> shows a striking increase of 1173.58% in transactions over $100,000 in the last 24 hours. This surge indicates that high-volume SHIB holders or whale-level investors are actively moving SHIB across various platforms. Such significant transfers create a bullish trend in altcoin market behavior and reflect strong investor interest in Shiba Inu’s prospects.</p> 
<p style="text-align: justify">If Shiba Inu manages to break through the first resistance at $0.00001, a potential increase in the altcoin’s price can be expected. Overcoming this barrier and entering the next significant resistance around $0.000015 could pave the way for an upward trajectory towards the $0.00003 level. However, any hesitation at the resistance level of $0.00001 could result in a decline. Support levels are particularly positioned around $0.000009, and dropping below $0.000008 could potentially intensify the downturn, pushing SHIB into a steeper descent.</p> 
<h2 style="text-align: justify" id="strong-technical-indicators-point-to-a-promising-future-for-shib-strong"><strong>Technical Indicators Point to a Promising Future for SHIB</strong></h2> 
<p style="text-align: justify">Technical indicators in the four-hour timeframe for SHIB support an optimistic outlook. The daily Moving Average Convergence Divergence (MACD) indicator’s line above the signal line indicates a bullish trend due to increased buying activity. Additionally, the positive value of the Awesome Oscillator at 50.20 also reflects a bullish market trend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-305247" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-SHIB.png" alt="" width="1149" height="652"></p> 
<p style="text-align: justify">The daily Relative Strength Index (RSI) is rising above the 50 level, approaching the overbought limit of 70, signaling an uptrend. Meanwhile, the 50-day Simple Moving Average (SMA) and the 20-day SMA are progressing on an upward trajectory on the chart, reinforcing a short-term bullish sentiment.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inus-trading-value-surges-amid-high-whale-activity/" data-wpel-link="internal">Shiba Inu’s Trading Value Surges Amid High Whale Activity</a></h5>

Shiba Inu’s Trading Value Surges Amid High Whale Activity

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