1. “Whales Accumulating Billions of SHIB Tokens As Price Tests Crucial Level”
Summary: Shiba Inu’s price is testing the 50-day Moving Average, despite large wallets (whales) acquiring up to 100 billion tokens. While this could be seen as a positive sign, the coin must break above the Moving Average for a bullish scenario. If it fails, there might be a further downfall in price1.
Importance to $SHIB Investors: The actions of whales are often watched closely as they can significantly impact the price of a cryptocurrency. Their massive acquisition could indicate a strong belief in the coin’s potential, but the failure to break above the Moving Average might suggest a bearish scenario.
2. “$SHIB Experiences Liquidity Squeeze Amid Declining Interest”
Summary: Shiba Inu has been struggling to attract the same level of liquidity it enjoyed in 2021. ShibaSwap’s Total Value Locked (TVL), a measure of liquidity, has dropped significantly from its billion-dollar range to just $25.16 million. Furthermore, the token’s volume remains unimpressive as its price continues to decline. This situation has sparked speculations of a liquidity squeeze, which could limit the coin’s potential growth2.
Importance to $SHIB Investors: A liquidity squeeze can make it difficult to buy or sell the coin without significantly affecting its price, potentially causing instability. Additionally, the decline in volume could suggest a lack of demand, which might impact the coin’s price negatively.
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