Shiba Inu's price has surged over the past week, driven by significant buying activity from large holders (whales). This bullish trend is supported by reduced selling pressure and confidence in SHIB's long-term prospects.
Shiba Inu ( SHIB ) has experienced a significant price increase over the past week, driven by substantial buying activity from its large holders, known as whales. These whales have been actively accumulating SHIB , creating consistent upward pressure on its price. This ongoing accumulation suggests that SHIB may be poised for further growth as the coin gains momentum. With strong support from whale investors, SHIB is potentially on track to reach a new monthly high.
Whale accumulation is a bullish indicator, often signaling confidence in the token's long-term prospects. This trend not only strengthens SHIB's price momentum but also sets the stage for potential upward movement, supported by the continued commitment of its whale investors. SHIB's Network Realized Profit/Loss chart indicated a predominantly negative trend over the past week, suggesting that many traders who sold their holdings did so at a loss. This behavior, as observed across Santiment's data, indicated reduced selling activity, fueled by holders' reluctance to realize losses. Consequently, this decline in selling pressure played a crucial role in supporting SHIB's recent price surge. By holding onto their tokens, investors have demonstrated confidence in SHIB's potential for recovery, further fueling its bullish momentum. At press time, SHIB was trading at $0.00002433, displaying bullish momentum despite slight consolidation. The Relative Strength Index (RSI) at 52
SHIB Whale Accumulation Shiba Inu Price Surge Bullish Momentum
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