Shiba Inu Investors Transfer 4.29 Trillion.
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SHIB to Coinbase: What Comes Next Will Surprise You 😱"
**Key Takeaways:**
- Despite market uncertainty, Shiba Inu's price holds steady above $0.0000206. A potential rebound awaits if this support level remains intact, with a target of $0.0000296 for a 53% gain to $0.000045.
- Breaking past $0.0000297 could signal a significant trend reversal. Intriguingly, Shiba Inu's intraday trading volume spikes to $759.5 million, marking a 50% surge.
- Over the last two months, Shiba Inu has traded sideways, finding stability above $0.0000206 and forming a local bottom.
- Notably, ten wallets move a collective 4.29 trillion SHIB (about $97.33 million) to Coinbase. These wallets amassed SHIB holdings between September 2021 and March 2024.
- Such transactions add supply pressure to SHIB, potentially triggering a price dip back to $0.0000206. Should this support hold, buyers may reassert bullish momentum, paving the way for a price reversal.
- Additionally, the 200-day exponential moving average (EMA) near $0.0000206 offers supplementary support for buyers. However, the bearish crossover between the MACD and signal lines suggests prevailing seller dominance in SHIB trades.
