Shiba Inu whales are pushing SHIB to limit, with surge in activity
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Elevated interest is usually indicated by an increase in large transactions and trading volume, which can cause notable price fluctuations. As can be seen from the technical analysis, Shiba Inu is currently consolidating around its major support levels.appears to be holding steady, according to the 50-day and 100-day moving averages, but the increase in transaction volume could force the token to test new resistance levels.
In general, the lack of volatility is a bigger problem for SHIB right now and will most likely become a source of suppressed performance, rather than growth. Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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