Whale Buys Up 90%: Will Shiba Inu Rise Again?

Experts suggest that the Shiba Inu (SHIB) may soon enter a phase of recovery due to a significant increase in whale activity. Reports indicate that the inflow to large wallets has surged by over 90%, indicating bullish sentiment among Shiba whales. Currently, SHIB faces short-term resistance, trading around $0.00001567. It has been under pressure recently due to price stabilization and a downward trend. However, with the rise in inflows to whale addresses, there is a possibility of breaking this trend line and initiating an upward movement. The next resistance level for SHIB is around $0.00001660, and if surpassed, it could move toward $0.00001700. Above this level, a key resistance at $0.00001882 could hinder a full recovery. Conversely, if support at $0.00001500 fails, the price might drop back to $0.00001400. The 90% increase in inflows is largely attributed to whale activity, which typically begins accumulating before a price rise, indicating that major or institutional investors may be preparing for a price increase. If buying pressure continues and resistances are broken, a significant price improvement for Shiba is possible.