List of Flash News about Shiba Inu (SHIB)
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2025-07-01 11:33 |
Shiba Inu (SHIB) Whale Accumulation Hits 5-Month High as Price Forms Descending Triangle; BTC, ETH Face Profit-Taking
According to @rovercrc, Shiba Inu (SHIB) whales accumulated 10.4 trillion tokens, worth over $110 million, marking the largest daily accumulation in five months and contributing to a 17% price bounce from a 16-month low. The token's price action is now forming a descending triangle pattern on the hourly chart, a critical formation for traders. A breakout above the descending trendline could signal a continuation of the recovery rally toward the $0.00001230 resistance level, while a breakdown below the triangle's support could trigger a bearish reversal. Despite improving macroeconomic conditions, the broader crypto market is showing signs of fatigue, with major assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experiencing profit-taking near local resistance levels. |