Shiba Inu whale inflows surged by 604% within 24 hours, marking a significant accumulation phase near $0.000012 that could signal an upcoming price reversal for SHIB.
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Whale inflows jumped from 70.34 billion to 425.54 billion SHIB in one day.
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SHIB price stabilized around $0.000012 despite increased accumulation by major holders.
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According to COINOTAG analysis, this inflow surge aligns with a critical support zone, hinting at potential upward momentum.
Shiba Inu whale inflows spike 604%, signaling potential price shift near $0.000012. Stay informed with COINOTAG’s expert crypto insights.
What Does the 604% Surge in Shiba Inu Whale Inflows Mean for SHIB Price?
The 604% increase in Shiba Inu whale inflows reflects a notable shift in market dynamics. Major holders are accumulating SHIB aggressively near the $0.000012 support level, which could indicate a foundation for price stabilization or reversal. This inflow surge contrasts with previous outflows seen in late July and early August, suggesting renewed confidence among large investors.
How Is Shiba Inu’s Price Reacting to Increased Whale Activity?
Despite the substantial inflows, SHIB’s price has only modestly increased from $0.000012 to approximately $0.0000124. This muted price response suggests accumulation is occurring quietly, with whales positioning ahead of a potential breakout. The netflow chart confirms that inflows now exceed outflows, a positive sign for SHIB’s short-term outlook.
Source: IntoTheBlock
Why Is the $0.0000118 to $0.0000126 Range Critical for Shiba Inu?
The $0.0000118 to $0.0000126 price band serves as a short-term base for SHIB, where accumulation by whales is concentrated. This zone has historically acted as a support level, and sustained buying here could lead to a test of the next resistance near $0.0000135. COINOTAG experts highlight that if this range holds, it may mark the beginning of a trend reversal.
What Are the Next Steps for Shiba Inu Investors?
Investors should watch for continued whale accumulation and price movement above $0.0000126. A breakout past $0.0000135 could confirm bullish momentum. However, it remains too early to declare a definitive trend change. Monitoring inflow and outflow patterns will be crucial to anticipate SHIB’s next move.
Frequently Asked Questions
What is driving the recent whale inflows in Shiba Inu?
Whales are increasing their SHIB holdings significantly near the $0.000012 support level, likely anticipating a price rebound or stabilization after weeks of decline.
How does whale activity affect Shiba Inu’s market trend?
Whale accumulation often precedes price shifts. Increased inflows indicate strong buying interest, which can lead to upward momentum if sustained.
Key Takeaways
- Whale inflows surged 604%: Indicating strong accumulation near $0.000012.
- Price stabilization observed: SHIB holds a short-term base between $0.0000118 and $0.0000126.
- Potential trend reversal: Sustained inflows may lead to a breakout above $0.0000135.
Conclusion
The recent surge in Shiba Inu whale inflows marks a pivotal moment for SHIB’s price action. With major holders accumulating near a critical support zone, the market shows signs of stabilization and possible upward momentum. While it is premature to confirm a trend reversal, COINOTAG’s analysis suggests that investors should closely monitor whale activity and price levels for upcoming opportunities.
