Whales are starting to move large amounts of money between their wallets, and Shiba Inu is recovering across many indicators online. This could indicate an impending surge in volatility, or simply a general rebound after a dull weekend.
Shiba Inu is currently trading at $0.00001729, indicating consolidation after a long period of bearish trend. Large transactions and total volume for the asset have recently increased, indicating that large holders are becoming more active. Total volume and large transaction volume for the asset have recently increased, indicating that large holders are becoming more active.
There were 61 large transactions in the last 24 hours, with the number of transactions reaching a seven-day high of 1.06% on July 18, 2024, and falling to 30 on July 21, 2024. A total of 1.56 trillion SHIB were traded in the last 24 hours, with the seven-day high being 50.84 trillion SHIB on July 18, 2024, and the seven-day low being 558.73 billion SHIB on July 21, 2024.
These indicators point to a resurgence of interest in SHIB, especially from large investors. It is possible that whales are preparing for future price movements due to an increase in large transactions and overall volume, which could lead to higher volatility in the coming days.
Shiba Inu is facing resistance at the 50 EMA and 100 EMA, which act as strong obstacles to the upside, according to the SHIB/USDT chart. Strong resistance is also provided by the 200 EMA, which is currently at $0.00001905. With the RSI at 46, the market is neutral but slightly bearish. This suggests that while there is buying interest, it is not yet enough to push SHIB above the major resistance levels.