An unexpected movement is stirring Shiba Inu: within the last 24 hours, whales have started actively increasing their holdings, sparking speculation about a possible trend reversal.
The Whales' Major Maneuvers: 207% Accumulation
In the past 24 hours, there has been a dramatic increase in the activity of large holders of Shiba Inu, resulting in a 207% growth in accumulation. According to on-chain data, this activity coincided with a spike in large transactions exceeding $100,000, totaling $14.43 million. These metrics indicate a significant concentration of capital among major holders, often seen as precursors to reversal phases or strategic accumulation in market cycles.
Testing Technical Resistances and Awaiting Macroeconomic Signals
The current situation surrounding Shiba Inu also touches on technical thresholds such as the 50- and 200-day moving averages, which have yet to be surpassed. A clear break of these levels could be viewed as a strong bullish signal. Meanwhile, macroeconomic conditions remain uncertain, with particular attention paid to the U.S. Federal Reserve's interest rate announcements. Expectations of the status quo may impact volatile assets like Shiba Inu.
Conclusion
The renewed interest from major investors in Shiba Inu raises questions about the future of this cryptocurrency. However, the activity of whales alone is insufficient to confirm a lasting reversal, highlighting the need to analyze both technical signals and macroeconomic factors.
Shiba Inu remains in the spotlight, and the current activity of whales may indicate a potential reversal, but this requires considering additional economic factors.
