Shiba Inu (SHIB) is Rising Again: Big Investors in the Game

Shiba Inu (SHIB) had experienced a significant loss of value in the past period, falling to its lowest levels in 16 months. However, after this pullback, especially with the involvement of large investors, SHIB entered a remarkable recovery process.

In the last week, there has been a significant inflow of capital into SHIB. Approximately $110 million in purchases means that 10.4 trillion SHIB tokens have been collected from the market. This transaction triggered a short-term increase in SHIB prices and caused a noticeable increase in trading volumes.

The Market Moved, Trading Volume Increased

The sudden entries of large investors cause fluctuations in the SHIB price, while the token exhibited a movement of over 4% during the 24-hour period on June 29. Particularly in the evening hours, the volumes rose significantly above average, drawing the market's attention to SHIB. With this intense interest, the price was pressured upwards and gave a signal of short-term recovery.

Technical Outlook: Is a Direction Change Coming?

On the technical analysis side, the 'nested weekly candle' formation seen in SHIB's charts is considered by analysts as a signal of a possible direction change. Such formations are usually seen after prolonged declines and may reflect the market's potential to move in a new direction.

The recorded 11% value increase over the past seven days strengthens the likelihood of this technical structure.

Looking at the daily data, it is observed that SHIB frequently tests certain resistance and support levels, but the trading volume remains high within these ranges. Especially due to the influence of institutional investors, a large amount of fund movement is taking place.

What Should Investors Do?

Although SHIB has shown signs of recovery recently, the market is still volatile. Price stability and trading volume stand out as two important factors that need to be closely monitored. Experts advise investors to take a cautious approach and continue to closely monitor developments in the market.


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