Shiba Inu （SHIB） sees a 2,649% increase in on-chain metrics, indicating significant activity from large holders and a notable price rebound.
Points
- Shiba Inu’s on-chain metrics surge by 2,649% in the past week.
- Large holder inflows and outflows also see significant increases.
- SHIB’s price rebounds, driven by broader crypto market upturn.
Shiba Inu （SHIB） has witnessed an extraordinary increase in its on-chain metrics, with net flows of large holders, also known as whales, skyrocketing by 2,649% over the past week. According to data from IntoTheBlock, this surge in net flows is a strong indicator of accumulation by these major players.
Large holder inflows have increased by 3,835% in the last seven days, while outflows have also surged by 5,019% during the same period. This heightened activity suggests significant movement and interest among SHIB’s largest holders.
SHIB Price Rebounds
Shiba Inu’s price has also shown intriguing movements. After a period of decline, SHIB experienced a sharp rebound in Friday’s trading session, reaching highs of $0.00001819. The price continues to sustain its upward trajectory, currently trading at $0.00001764, reflecting a 2.23% increase in the last 24 hours.
SHIB’s rise aligns with the general upturn in the cryptocurrency market, with Bitcoin surpassing $67,000 for the first time in over a month. Bitcoin’s 6% surge on Friday has positively influenced smaller tokens like Shiba Inu and Solana, both of which have seen nearly 5% gains.
As the situation unfolds, analysts are closely monitoring key technical levels and trends to determine whether SHIB will continue its upward movement or enter a consolidation phase. Key factors to watch include overall market sentiment, broader cryptocurrency trends, and any upcoming news related to Shiba Inu.
On the upside, a sustained breakout above the daily moving averages of 50 and 200 at $0.00001916 and $0.00001974, respectively, could signal a bullish comeback for SHIB. Conversely, if the price dips, intermediate support levels are expected between $0.0000158 and $0.0000168.
解説
- The surge in on-chain activity among large holders indicates strong interest and potential accumulation of SHIB.
- Shiba Inu’s price rebound is supported by the broader positive trends in the crypto market, particularly Bitcoin’s recent gains.
- Investors should keep an eye on key technical levels and market sentiment to assess SHIB’s future price movements.