Shiba Inu might be getting ready for proper recovery as whales come back on network
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Is XRP Golden Cross Incoming? Bitcoin to Paint Head and Shoulders Pattern, Solana Path to $200: What's Next?These indicators point to a resurgence of interest in SHIB, especially from larger investors. It is possible that whales are preparing for future price movements by the rise in large transactions and overall volume, which could result in higher volatility in the days ahead.
Shiba Inu is encountering resistance from the 50 EMA and the 100 EMA, which are functioning as strong obstacles to upward movement, according to the SHIB/USDT chart. Strong resistance is also being provided by the 200 EMA, which is currently at $0.00001905. With the RSI indicator at 46, the market is neutral but has a slight bearish inclination. It would appear from this that although buying interest is present, it is not yet enough to push SHIB above its major resistance levels.
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