A whale moves 3.48 trillion gray chips in one huge deal
- Pisces move over 3 trillion chip in one trade, causing a stir.
- Shiba Inu has gained nearly 7% from a seven-day low, and is positioning itself as a major player.
- The technical outlook indicates an uptrend, but caution is advised.
In one cryptocurrency transaction that rocked the Shiba Inu world, a whale transferred an astounding 3,484,812,794,902 SHIB. While rumors circulate about the identity of the whale behind the giant move, the news certainly made waves in the cryptocurrency community.
3,484,812,794,902 #SHIB (40,284,435 USD) transferred from unknown wallet to unknown wallet
– Whale Alert (@whale_alert) April 16, 2023
After the consolidation period, the Shiba Inu began to show new signs of life, posting a nearly 7% gain from its seven-day low. With a growing community of owners and supporters, the token is positioning itself to become a major player in the crypto world.
Looking at the SHIB/USD Technical Outlook, it appears that the Shiba Inu has managed to exit its recent consolidation phase. The Relative Strength Index (RSI) is currently at 57, which indicates that there is room for the token to move higher.
SHIB/USD 1-Day Chart Source: Tradingview
Looking at the Ichimoku chart, we can see that the Shiba Inu is currently trading above the Kumo cloud, which is a bullish sign. The Tenkan-Sen line is also trading above the Kijun-Sen line, which indicates that the coin is gaining momentum.
If the Shiba Inu can maintain its current bullish trend, the next resistance level could be at $0.000012. However, if there is a sudden shift in market sentiment, the coin could find support at $0.00000960. As with any investment, it is important to maintain a cautious approach and monitor market trends before making any investment decisions.
Disclaimer: Reviews and opinions, as well as all information shared in this price forecast, are posted in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.
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