Shiba Inu Whales Are Currently Making Rational Decisions as High-Volume Transactions Take Place

Shiba Inu has advanced recently while the global cryptocurrency market has seen significant increases in volatility. As of now, the whales appear to be keenly interested in Shiba Inu. In the past, the behavior of the whale was utilized to forecast price movements. The whales are known to deal in massive quantities of tokens, giving them the tendency to control the price’s movement.

Data on Etherscan indicates that there have been some transactions between two significant cryptocurrency exchanges and a few well-known whales. Recently, a whale purchased about 16 billion SHIB; this effectively shows that whales are seriously interested in Shiba Inu and have started to make rational decisions. Shortly, SHIB is anticipated to see a spectacular gain.

Key Shiba Inu Levels To Watch – April 27

The movement of the price of Shiba Inu remains restricted between the $0.000015900 resistance and the $0.000007790 support. The diagonal support that emerged on December 28, 2022, has been invalidated as the price crashed massively to the downside.

Until the crash, the market’s environment was bullish; this was also indicated by the MA Cross. The crash occurred after three bounces off the diagonal support. Since the diagonal support is broken, the price might continue into the $0.000009270 demand level. After which, a continuation of the upward trend will likely ensue.

Shiba Inu Key Levels

Resistance Levels: $0.000011840, $0.000014000, $0.000015900
Support Levels: $0.000009640, $0.000009270, $0.000007790

Total Market Capitalization: $1.22T
Shiba Inu Market Capitalization: $6.10B
Shiba Inu Volume: $0.19B
Market Rank: #14

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