Shiba Inu Price Plunges 32%
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Business & Economics
Shiba Inu Price Analysis: 4.3 Trillion SHIB Tokens on the Move – Are Memecoin Whales Buying the Dip?
67% Informative
Shiba Inu's price plunged 32% over the weekend , hitting its lowest level in five months .
On-chain data suggests whale investors are buying the dip.
Large transactions jumped to 4.3 trillion SHIB , suggesting major investors are in the market.
Technical indicators suggest a bullish breakout toward $ 0.000018 could be on the horizon.
The 30% drop over the past two days signals a severe bearish impulse, and failure to hold $ 0.000012 could open the door for further declines.
The MACD’s negative trajectory and widening histogram bars reinforce the risk of continued selling pressure.
Without a steady inflow of new demand, SHIB could enter an extended consolidation phase.
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