Shiba Inu's SHIB token has stabilized above $0.00001 following significant whale accumulation, easing selling pressure and improving technical indicators. A major whale withdrew 204.3 billion SHIB from Coinbase over three days, prompting smaller traders to follow suit. This activity has lifted SHIB's price, resulting in a 2.72% daily gain and a 1.45% weekly improvement.
Data from TradingView indicates that SHIB is no longer in oversold territory, with its Relative Strength Index at a neutral 47. Analysts suggest that if the current momentum continues, SHIB could target $0.0001, reflecting resilience and potential for sustained growth.
Whale Accumulation Boosts Shiba Inu Above $0.00001
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.