Shiba Inu (SHIB) Makes Big Moves: Key Factors for Major Price Shift

Shiba Inu's notable increase in large transactions and rising price raise questions about its future trajectory.

Key Statistics:

- Large transaction volume spiked to 6.47 trillion SHIB.
- Price increased by 8.24% in the past day.
- 50-day moving average crossed above 200-day moving average.

Technical Analysis:

- Resistance levels: $0.000023, $0.000025.
- Support level: $0.000018.
- RSI: 72.22 (overbought territory).

On-Chain Metrics:

- Increased large transactions indicate growing interest.
- Potential whale accumulation.

Market Sentiment:

- Bullish momentum.
- Caution due to potential volatility.

Outlook:

- Potential breakout or correction.
- Large holders' decisions may influence price.
- Monitoring transaction volumes and RSI crucial.

_Caution:_

- Market volatility may impact SHIB's price.
- Failure to maintain momentum may lead to correction.