 
 
Shiba Inu continues to find the right footing with whales recently moving 615 trillion SHIB in a span of 24 hours.
According to market analyst Phursey, whales made their boldest move in a month, which could signal an impending market shake-up because surges in whale activity often precede sharp volatility.
Therefore, the surge of 615 trillion SHIB by the whale signals renewed interest, strategic accumulation, or repositioning, which is often a precursor to major market moves or heightened volatility.
Phursey also pointed out that SHIB had broken out of months of long consolidation and was testing the 200-day MA, with RSI signaling strong momentum.
Therefore, a close above $0.000015–$0.000016 could pave the way to $0.0000172 and beyond.
 
At the time of this writing, SHIB was trading at $0.00001389, representing a 7% weekly increase.
Shiba Inu Eyes a 431% Rally
Renowned crypto analyst Javon Marks recently noted that Shiba Inu was maintaining a large inverse head & shoulders pattern, with recent price action showing notable strength and bullish momentum.
Marks added, “Being in the final shoulder of this pattern, these prices could launch into a huge >431% uphill run to meet the $0.000081 technical target, which stems from a different breakout. This pattern could be what helps initiate that 5X process.”
Therefore, Shiba Inu may be poised for a notable leg up, with a double bottom pattern recently igniting its bullish momentum, resulting in a 110% surge to $0.000029.
Source: https://zycrypto.com/shiba-inu-snaps-out-of-slumber-as-whales-shift-615-trillion-shib-in-massive-move/