Shiba

2024

Shiba Inu

Coin

<ul class="news-points"> 
 <li><strong>Shiba Inu’s whale purchase of 445 billion SHIB coins from Robinhood sparks optimism, indicating strong investor confidence.</strong></li> 
 <li><strong>Despite recent price fluctuations, SHIB’s substantial trading volumes and whale activity suggest underlying strength.</strong></li> 
 <li><strong>Technical indicators like the moderate RSI and potential bullish MACD crossover provide mixed signals for traders.</strong></li> 
</ul> 
<p>Ali Charts, an on-chain and technical analyst, reveals that over 4 trillion Shiba Inu (SHIB) tokens, valued at roughly $103 million, have flown into crypto exchanges in the last two weeks. This flurry of activity has unfolded amidst SHIB’s <a href="https://coinedition.com/shiba-inus-trading-activity-spikes-key-insights-and-future-prospects/">volatile price action</a>, signaling a shift in investor sentiment.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ShibaInu</a> | Over 4 trillion <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a> have been sent to <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> exchanges in the last two weeks, worth around $103 million! <a href="https://t.co/dqVGW3LzuA" target="_blank" rel="nofollow">pic.twitter.com/dqVGW3LzuA</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1796477469022728661?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 31, 2024</a>
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<p>Notably, a whale recently snagged a massive 445 billion SHIB tokens from the Robinhood trading platform. This hefty transaction has ignited optimism for SHIB’s future price trajectory, with the whale’s move underscoring strong confidence among big-money players in this meme-inspired cryptocurrency.</p> 
<p>On-chain <a href="https://whale-alert.io/transaction/ethereum/0xa0e5d1faf313e415a8234cf62260d0309a3920a8ca459180267191f2ca8f9cba" target="_blank" rel="nofollow">transaction data fro…</a></p>
<p>The post <a href="https://coinedition.com/crypto-market-update-shiba-inu-whale-purchase-points-to-investor-confidence/">Crypto Market Update: Shiba Inu Whale Purchase Points to Investor Confidence</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Market Update: Shiba Inu Whale Purchase Points to Investor Confidence

Coin Edition

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