Shiba Inu: Whale Alert – 4 billion SHIB changes ownership

Investing.com – The was up 4.36% in the past 24 hours to $ 0.000034. It is thus in 13th place of the main cryptocurrencies, behind the, the and the, with a market capitalization of 18.7 billion dollars.

For the ShibArmy, this is cause for celebration, as WhaleStats data shows that a whale took advantage of favorable prices to purchase an additional 4 billion SHIB worth $ 136 million.

At 26.15% and valued at over $ 144 million, the Shiba Inu is this whale’s largest crypto position.

On Twitter (NYSE :), the @WhaleInsider account tries to expand its community. He told his 100,000+ followers that every follower who liked and retweeted this tweet would receive 1,000,000 SHIB if the price hit $ 0.00004 within the next 24 hours.

Price is unlikely to rise by nearly 20 percent again in the remaining 10 hours. But the more than 5,000 retweets are testament to the fact that the marketing campaign is working.

Important technical thresholds for Shiba Inu

On the daily chart for Shiba Inu, we can see that the 61.8 percent Fibo retracement was durably crossed from the beginning of December and that the downward movement has continued steadily since, even if it is less dynamic.

The 61.8% Fibo retracement of $ 0.00003736 is strong resistance and only if it is breached at the daily close can one expect a rally towards the 50% Fibo retracement of $ 0.00003736. 0.00004711 dollar.

If resistance cannot be broken, expect a test of the recent $ 0.00002830 low. Below that, the next strong support is at the 78.6% Fibo retracement level of $ 0.00002349.

By Marco Oehrl

Responsibility: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.