Shiba

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Shiba Inu

<ul> 
 <li>Shiba Inu experiences a significant 99% surge in whale transaction volume, reaching 973.25 billion SHIB equivalent to $8.77 million.</li> 
 <li>Despite a previous decline in whale transaction volume, Shiba Inu’s large transactions almost double in the last 24 hours.</li> 
 <li>Shiba Inu’s current price stands at $0.000009, with a potential breakout if it closes above the daily MA 50 at $0.00000987.</li> 
</ul> 
Shiba Inu (SHIB) has witnessed a remarkable 99% surge in whale transaction volume in the last 24 hours. It reached an impressive 973.25 billion SHIB, translating to a monetary value of $8.77 million.&nbsp; 
The cryptocurrency had previously faced a notable decline in large transaction volume after hitting <a href="https://cryptonewsland.com/chatgpt-forecasts-bitcoins-future/">20</a>.2 billion SHIB on January 24. Since then, Shiba Inu had maintained a relatively low whale transaction volume, with occasional spikes. However, the recent surge, almost doubling the transaction volume within 24 hours from 490.5 billion SHIB on February 1 to 973.25 billion SHIB on February 2, signals a renewed interest and potentially impactful developments within the SHIB ecosystem. 
Meanwhile, <a href="https://app.intotheblock.com/coin/SHIB">Shiba Inu</a>‘s price action has been a subject of fluctuation. After a temporary jump to $0.00000967 on January 30, the cryptocurrency experienced a subsequent dip to a low of $0.00000878.&nbsp; 
Bulls, however, managed to initiate a rebound from these lows, and as of now, Shiba Inu is trading at $0.000009, reflecting a 0.38% increase in the past 24 hours. Analysts suggest that if this momentum persists, a significant breakthrough could be indicated by a sustained close above the daily Moving Average (MA) 50 at $0.00000987. 
As market dynamics unfold, CoinCodex’s <a href="https://coincodex.com/crypto/shiba-inu/price-prediction/">Shiba Inu price prediction </a>suggests a potential 6.24% drop, with the price projected to reach $0.00008546 by February 8, 2024. Current technical indicators signal a bearish sentiment, while the Fear &amp; Greed Index stands at 60, indicating a state of greed in the market. 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/shiba-inus-crucial-battle-at-0-00001-bulls-eye-weekend-breakout/">Shiba Inu’s Crucial Battle at $0.00001: Bulls Eye Weekend Breakout</a></li>
 <li><a href="https://cryptonewsland.com/3-key-milestones-driving-shiba-inu-to-soar-to-0-0000074/">3 Key Milestones Driving Shiba Inu to Soar to $0.0000074</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-bear-market-exit-what-the-3-surge-and-13-volume-increase-mean-for-investors/">Shiba Inu’s Bear Market Exit: What the 3% Surge and 13% Volume Increase Mean for Investors</a></li>
 <li><a href="https://cryptonewsland.com/dogecoin-soars-39-from-october-low-analyst-anticipates-bullish-breakout/">Dogecoin Soars 39% from October Low: Analyst Anticipates Bullish Breakout</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-32-surge-signals-potential-breakout-against-resistance/">Shiba Inu’s 32% Surge Signals Potential Breakout Against Resistance</a></li>
</ul> 
The post <a href="https://cryptonewsland.com/shiba-inu-transaction-volume-soars-price-targets-breakout/">Shiba Inu Transaction Volume Soars, Price Targets Breakout!</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Shiba Inu Transaction Volume Soars, Price Targets Breakout!

Crypto News Land

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