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Shiba Inu Price Analysis: 4.3 Trillion SHIB Tokens on the Move – Are Memecoin Whales Buying the Dip?

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Summary
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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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50

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English

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short-lived

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