Shiba Inu (Hebrew) As cryptocurrency prices recover, whales sales are strengthening as futures market activity grows. The path with the smallest resistance still seems to be on the higher side.
Shib is the world’s second largest meme symbol, divided by market value by market value, and according to Coindesk Data, the Fibonacci withdrawal rate of sold in May exceeded 23.6% of written sales.
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Prices rose by more than 5% in a week from key indicators such as the 14-day relative strength index (such as the 14-day relative strength index) and bullish signals. Momentum oscillators have entered bullish territory above 50 for the first time since May 23.
According to data tracked by the Coindesk AI Institute, the numbers supporting the cattle case are the quantity numbers, which exceeded the average daily 307.5 billion tokens in the recent price recovery phase.
Whale is on sale and interest rises
Meanwhile, according to data source Velo, open interest in Binance’s permanent futures listed by Binance has exceeded 7 million cards since May 23. The rise is accompanied by positive financing rates, which suggests investors’ interest in betting that continues to rise in prices.
However, the transfer of trillions of coins to the exchange by whales and insiders could challenge the rise, with ten wallets controlling more than half of the total supply.
Key AI Insights
- Support zones are $0.00001172-$0.00001175 to attract large-scale purchase interest.
- The upper limit of resistance of $0.00001196 moves upward and continues to reverse.
- During the recovery phase, the daily volume exceeded the average of 307.5 billion generations.
- Interaday High $0.00001195 represents 1% gain in the conference opening.
- The peak of 7.25 billion token volume marks resistance testing during the breakthrough attempt.
((Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy)
