Based on Coinpaper, Shiba Inu (SHIB) is trading at $0.00001211 amid mixed market sentiment and whale accumulation. Prices recently dropped to $0.00001305 before rebounding slightly, but bear pressure remains strong. Whale activity has surged, with large holders increasing their SHIB holdings by over 62 billion tokens in recent weeks, valued at $745,000. Smart money wallets also added 12.46 billion tokens in 30 days, signaling potential bullish intent. However, SHIB is currently below a key descending trendline, with resistance near $0.00001340. A breakout could push prices toward $0.000018–$0.000020, while a failure to break higher may see a retreat to support levels between $0.00001200 and $0.00001220. Analysts await a clear breakout with strong volume to confirm a bullish trend.
Shiba Inu (SHIB) at $0.00001211 Amid Whale Accumulation and Market Volatility
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