Summary
TLDR: SHIB price has surged by 231% this month, with large investors accumulating more SHIB. Whale movements suggest potential price stabilization or correction. SHIB MVRV ratio fell after a bull run, indicating potential for a new upward trend. EMA analysis shows market consolidation, with potential resistance at $0.000035 and support at $0.000020. Always conduct own research before making financial decisions.
Key Points
1. SHIB price has surged by 231% this month, approaching a critical threshold, with large investors starting to gather more SHIB, potentially fueling its upward momentum.
2. Whales in the SHIB market have been accumulating again, with a rebound in the number of whale holders within a specific range after a period of reduction, indicating potential anticipation of another upward trend.
3. The EMA chart for SHIB suggests a neutral scenario, with EMAs indicating market consolidation and the longer-term EMAs positioned below the current price, signaling a historically bullish trend.