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Original U.Today articleShiba Inu (SHIB): Big Chance, Be Ready for XRP Surprises Upcoming, Bitcoin (BTC) Ready to Dive?

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XRP's unexpected plungeBitcoin at locals

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Perhaps one of the most pivotal points in Shiba Inu's recent market history is about to happen. The meme token is showing indications that a breakout might be closer than it appears, not on the surface but underneath, despite its lackluster price action over the past few weeks.

SHIB's price has been trapped below significant resistance levels such as the 100 and 200 day moving averages. SHIB is trading at about $0.0000125 at the time of writing, which is just above the crucial structural and psychological support level of $0.0000120. This level has been tested numerous times in the past, so a significant bounce here might signal a local reversal.SHIB isn't in overheated territory and still has room to run, according to the RSI, which is close to 40. Here's the shocking part though: SHIB's on-chain data indicates a sharp increase in the volume of large transactions. A six-month high of over 24 trillion SHIB was transferred through whale transactions on June 5, according to IntoTheBlock. This indicates a major accumulation or redistribution event, especially when combined with more than 500 large transactions in a single day.

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