Shiba Inu (SHIB), once crypto’s rags-to-riches sensation, may have peaked. Market analyst Crypto Hutsler acknowledges that the token’s past explosive growth sets a tough benchmark, making future gains increasingly challenging.
Leading crypto trackers report nearly 100 billion SHIB tokens exited exchanges within 24 hours, one of the largest single-day outflows in recent months.
Leading on-chain metrics provider Santiment reports that this is Shiba Inu's highest whale transfers since June 6, highlighting renewed large-scale interest.
The anonymous crypto analyst pullbacksignal has published a technical analysis of Shiba Inu (SHIB) via TradingView, which attests to the cryptocurrency a strong upside potential. In the 4-hour chart against Tether (USDT), the Shiba Inu price has formed an inverse head and shoulders pattern, traditionally recognized as a bullish reversal signal following a downtrend.
Within the ever-evolving realm of cryptocurrencies, the liquidity of the Shiba Inu (SHIB) ecosystem is now soaring to an astounding 800 million. This spike highlights the active trading and increasing investor interest in the well-loved meme currency, paving the way for future price changes and tactical adjustments within the SHIB community.