Shiba Inu (SHIB) shows signs of recovery after a 27 %depreciation loss in recent weeks. Crypto currency, the lowest level of 16 months, 0.00001005 dollars after decreasing the attention of big investors attracted the attention. These investors acquired 10.4 trillion SHIB Token with an investment of approximately $ 110 million. This move triggers a short -term rise in prices, while technical indicators point to a possible trend change. In the last seven days, an increase of 11 %was recorded.
Great move and market effect of whales
The sharp decrease in Shıb price was considered as a purchase opportunity for large -volume investors. Coindesque data revealed that these “whales” made a giant purchase of 10.4 trillion token. The value of this process corresponds to approximately $ 110 million.
These loaded purchases had an instant impact in the Shıb market. There was a visible mobility in prices. The entry of big players to the market not only increased price volatility, but also caused a serious leap in the transaction volume. Especially in recent days, volume data clearly reflects this mobility.
The 24 -hour period covering June 29 was one of the most concrete examples of this mobility. During this time, the price of the SHIB was traded between 4.3 %fluctuation and 0.00001147 and $ 0.00001198. The most remarkable movement took place between 29 June at 21:00 and 22:00. 5.8 times the average transaction volume with the price, the consolidation zone attempted to exit.
What do the technical indicators say?
The “intertwined weekly candle” formation on Shıb’s price chart is carefully monitored by analysts. This formation occurs when the one -week transaction range is completed within the interval of the previous week. It usually represents uncertainty and instability in the market.
However, the fact that this formation is seen immediately after a long -term decrease trend can have a different meaning. Experts emphasize that this situation may indicate that the control of the sellers is weakened and the beginning of a potential rise movement. The 11 %increase in the last seven days also supports this optimistic view.
The last 24 -hour technical data showed that the market is in sensitive balance. The level of $ 0.00001198 with high trading volume was determined as a resistance point. Snow sales after this level, the price of around 0.00001160 dollars to find support. Shıb, which closed the day for a small increase of 1.4 %at $ 0.00001164, and important movements were seen on an hourly basis. Especially the sudden decrease in night hours and the attempts to recover afterwards were the scene of large volume transactions exceeding 8 million USDT. It is stated that these movements are associated with corporate investor activities. TradingView data confirms that both resistance and support levels are clear and the increase in volume continues.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
