Shiba

Ethereum

Shiba Inu

Daily

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<a href="https://u.today/shiba-inu-skyrockets-1590-in-key-metric-as-whales-dive-in-to-save-shib-price" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> whales&nbsp;are showing&nbsp;signs of&nbsp;activity,&nbsp;just as the&nbsp;token's&nbsp;price teeters on the edge of a significant breakout.
On-chain data shows an increase in Shiba Inu large transactions,&nbsp;which&nbsp;are those that exceed $100,000. Whales are moving significant amounts of SHIB, often a precursor to major market movements. This activity frequently indicates anticipation of an imminent price&nbsp;increase&nbsp;because whales tend to buy in anticipation of a positive market move.
According to <a href="https://app.intotheblock.com/coin/SHIB" rel="noopener noreferrer nofollow">IntoTheBlock</a> data, the&nbsp;large&nbsp;transaction volume for Shiba Inu is up 106.86% in the last 24 hours.&nbsp;This&nbsp;came to 3.22 trillion SHIB,&nbsp;which is&nbsp;equivalent to $83.74 million. Large-holder inflows are also up 155%.&nbsp; <img alt=" TradingView" data-entity-type="file" data-entity-uuid="75dd6f14-736e-4e9e-8600-1c1f0f76db8b" src="https://u.today/sites/default/files/inline-images/21052024%200000.png"><a href="https://www.tradingview.com/x/XeuektrG/" rel="noopener noreferrer nofollow">SHIB/USD Daily Chart, Courtesy: TradingView</a>
With whales repositioning themselves and large transaction volume seeing a notable increase, the market is watching with bated breath as whales make their move.&nbsp;Amid this awakening,&nbsp;SHIB's&nbsp;price has broken through a barrier that has&nbsp;held it back in recent days, setting the stage for a potential rally.
After several days of struggling to break past the daily SMA 50 at $0.0000247, Shiba Inu finally had its breakout moment on May 20.&nbsp;
<a href="https://u.today/shiba-inu-58-trillion-shib-sparks-bull-bear-faceoff" rel="noopener noreferrer nofollow">Shiba Inu</a> experienced a significant rise in&nbsp;Monday's&nbsp;trading session as crypto prices rose on signs of progress toward&nbsp;the approval of&nbsp;U.S. Ethereum spot ETFs, a reversal from a more pessimistic perspective as recently as last week. SHIB consequently increased from a low of $0.000023 to a high of $0.0000261. The move spurred a jump over the daily SMA 50, which had previously held back Shiba Inu prices.
At the time of writing, SHIB was up 6.48% in the last 24 hours to $0.00002546, trading above the crucial daily SMA 50 barrier.&nbsp;
As&nbsp;SHIB teeters on the verge of a breakout, the coming days and weeks will be critical.&nbsp;In the&nbsp;very&nbsp;short&nbsp;term, a sustained break above the daily SMA 50 might&nbsp;be required&nbsp;for Shiba&nbsp;Inu's&nbsp;price to continue rising.&nbsp;

Shiba Inu (SHIB) Whales Waking Up: Details

U_Today

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