The whales that hold at least 0.1% of the SHIB token supply seem to be in an accumulation phase, possibly leading the rebound from support towards the double bottom target of $0.000033. These addresses have bought 1.3 trillion SHIB tokens in 24 hours, as net flows from large holders increased from 31.56 billion to 1.34 trillion. This behavior supports a bullish price forecast for Shiba Inu.
Data from IntoTheBlock shows that when these large addresses start to accumulate, they often precede gains in the price of SHIB. If so, it is likely that the support at $0.0000113 will hold, allowing the meme token to generate notable profits.
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