What's up, folks! Are you ready to find out the latest in the crypto world? Because the situation with Shiba Inu (SHIB) is getting hot! 🔥 It turns out that this meme coin, which many thought had danced its last dance, is surprising everyone and its price is rising like a palm tree in a hurricane!
Do you remember when we said SHIB was kind of subdued? Well, hold on tight because it seems the whales (those big fish with cash who buy huge amounts of crypto) are turning up the heat again! 🔥 They say the recovery is taking off, and watch out, because in just one day its price rose by 3%! That's crazy!
The thing is, this is no tall tale; it has its backing! There is much more activity in the SHIB futures market, and the technical signals, my friend, are screaming "Up!" 📈. Although some of the big holders have been moving their tokens to exchange platforms (which sometimes makes people nervous), confidence seems to be returning stronger than ever. Investors are starting to believe in the little dog again! 🐶
Imagine that SHIB has already surpassed a key level from its drop in May-June, and in one week it has gained 5.4%! That's like winning the small lottery! 💰 And if we dive into the futures world, things are heating up! The amount of perpetual SHIB futures on Binance has surpassed 7 million! It's the first time since May that we see so much activity! This, combined with positive funding rates, means people are betting hard that the price will keep rising! They have their faith in it! 🙏
Keep an eye on the numbers and the moves of the whales! 📊🐳
Look, for those who like the technical stuff, the 14-day Relative Strength Index (RSI) (that's like the thermometer for buying and selling strength) is already at 57, surpassing the neutral level of 50! It's the first bullish signal since the end of May! And daily trading volumes are above average! That just confirms that the recovery is real! 💪
But like in every good Latin novel, there's always a "but"... 💔 Although the party is good, SHIB's price is hitting a key resistance, and whale activity always needs to be monitored! 👀 It has been seen that just ten wallets control more than half of all SHIB in existence! And several of them have been sending billions of tokens to exchanges, which sometimes generates fear that they will sell and drive the price down. We need to stay alert!
But not everything is drama; there is hope! The support (the floor where the price doesn't want to fall) remains strong around $0.00001175, a level where massive purchases have been seen time and again. If market sentiment stays this positive, Shiba Inu's price could double by the end of summer! Now that would be big news! 💥
So, my people, the crypto world keeps giving us surprises. We need to stay alert to SHIB's moves! Don't sleep on your laurels!$SHIB