Shiba

Ethereum

Convergence

Rally

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inus-market-dynamics-whale-activity-and-price-trajectory" rel="noopener noreferrer nofollow">Shiba Inu’s Market Dynamics: Whale Activity and Price Trajectory</a><br></p>
<p style="text-align: justify">Shiba Inu, a meme coin that started March on a high note with its highest price levels in 2024, experienced a decline that hindered its upward momentum. Despite a significant price correction, the meme coin is now positioned at a pivotal price point with potential for growth.</p>
<h2 id="whale-investors-show-confidence-in-shiba-inu">Whale Investors Show Confidence in Shiba Inu</h2>
<p style="text-align: justify">After a surge in price, Shiba Inu witnessed a sharp correction, but this did not deter major investors, who continued to accumulate large amounts of the <a href="https://en.bitcoinhaber.net/cryptocurrency-market-plummets-250-million-liquidated" rel="noopener noreferrer nofollow">cryptocurrency</a>. In just one month, these whales purchased over 11 trillion Shiba Inu tokens, totaling an investment of $337 million.</p>
<p style="text-align: justify">Previously holding the title of the top meme coin among <a href="https://en.bitcoinhaber.net/ethereum-gains-momentum-as-investors-show-high-interest" rel="noopener noreferrer nofollow">Ethereum</a> whales, Shiba Inu’s pricing is heavily influenced by investor activity. The coin still enjoys robust support from retail investors as well, evidenced by the reluctance of profit-earning investors, who comprise 18% of holders, to sell their stakes.</p>
<h2 id="potential-price-rally-for-shiba-inu-ahead">Potential Price Rally for Shiba Inu Ahead?</h2>
<p style="text-align: justify">The meme coin’s price has recovered from a dip to the $0.000028 level and is now hovering above the $0.00003000 support line. With the backdrop of strong investor sentiment and technical indicators like the Moving Average Convergence Divergence hinting at a bullish trend, Shiba Inu may be poised for a rally.</p>
<p style="text-align: justify">If it breaks past the earlier peak of $0.00004572, Shiba Inu could set new highs for the year. However, falling below the support level of $0.00003000 could lead to a drop to $0.00002855, or worse, below $0.00002500, potentially reversing the bullish forecast.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inus-market-dynamics-whale-activity-and-price-trajectory" rel="noopener noreferrer nofollow">Shiba Inu’s Market Dynamics: Whale Activity and Price Trajectory</a></h5>

Shiba Inu’s Market Dynamics: Whale Activity and Price Trajectory

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