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Shiba Inu: Increase in Large Investor Inflows and Market Potential

Shiba Inu: Increase in Large Investor Inflows and Market Potential

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by Giorgi Kostiuk

a month ago


Shiba Inu (SHIB) is showing signs of growth due to a significant increase in large holder inflows over the past month.

Surge in Large Holder Inflows

The number of large holders of Shiba Inu has surged by 643% in the past 30 days. This reflects broader investor confidence in the short- to mid-term trajectory of the asset.

Current Market Technicals

Technically, SHIB is testing resistance levels at $0.0001400 while remaining above important moving averages. A break above this level could lead to an approach of the more critical area at $0.00001600.

Future Prospects and Risks

The RSI is currently close to 70, indicating potential overbought conditions. However, this is also typical during strong uptrends. Maintaining levels above $0.000014 will be critical for further upward movement.

In the current scenario, Shiba Inu may exhibit significant growth driven by the actions of large investors; however, traders should remain prepared for potential market changes.

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