Top ETH Whale Adds 120B Shiba Inu Amid Bullish Momentum

Top ETH Whale adds $1.45 Million worth of Shiba Inu (SHIB).

WhaleStats reported that the 168^th biggest ETH Whale named “Boromir” has just accumulated a staggering 120,000,000,000 (120B) SHIB, worth $1,450,800 ($1.45M) USD in one significant transaction in the past 24 hours.

🐳 ETH whale “Boromir” just bought 120,000,000,000 $shib ($1,450,800 USD).

Ranked #168 on WhaleStats: https://t.co/2koVEMo4NB

Transaction: https://t.co/gvMHMpnkXF#SHIB #ShibArmy

— WhaleStats (tracking crypto whales) (@WhaleStats) January 29, 2023

As per data provided by Etherscan.io, the massive purchase was made through Turkey’s leading cryptocurrency transaction platform, Paribu about 12 hours ago from press time.

Shiba Inu is forming a textbook “ascending triangle” pattern on the 4-hour chart around the most crucial resistance located at $0.000012, an increase in buying pressure and a positive market outlook can help Shib to potentially break out to the upside.

$SHIB is Bullish. Market looks good.

Send it from here! 🔥🚀 pic.twitter.com/viHj7vF3dv

— $SHIB KNIGHT (@army_shiba) January 29, 2023

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In August 2022, Shiba Inu experienced a sudden price increase of 42% in a day from  $0.000012 to the $0.000018 level. As of now, SHIB is facing resistance at the $0.000012 range, the token has slumped from previous highs of $0.00001295 and $0.0000125 on January 18^th and 22^nd respectively. If SHIB can break through this range, it may reach the next target of $0.0000136. An upward trend in price may continue with potential targets of $0.0000151 and $0.0000179.

At press time, Shiba Inu is trading at the price of $0.00001201, up 1% over the last day with a 24-hour trading volume of $216,819,214 ($216.81M).

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