Shiba Inu sees substantial surge in whale transactions, but what's the reason behind it?
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Second, during a market correction, transactional activity often ramps up as traders engage in profit-taking, margin trading and leveraging, trying to capitalize on the volatile price movements.SHIB is currently trading at a pivotal price of $0.00002758. This is a crucial moment, as it hovers around a key support level at $0.00001954, where SHIB has previously managed to hold steady. If this level can be maintained, it could be a springboard for future growth.
While the massive number of transactions may point to a variety of strategic moves by big holders, SHIB's future on the market will largely depend on its ability to sustain key support levels and break through resistance barriers. Additionally, keep in mind that the correction on the crypto market has just concluded, and it is too early to form any assumptions.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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