Significant uptick in net flows might suggest Shiba Inu whales could be positioning themselves
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The significant uptick in net flows might suggest that whales could be positioning themselves ahead of anticipated market moves, such as announcements or technological developments within the Shiba Inu ecosystem.Whales are known to take advantage of price corrections to accumulate at a discount. The surge in netflows also coincides with SHIB's price attempting to return above the daily SMA 200 at $0.00001872.Following a steady decline from highs of $0.
The dip below the SMA 200 was interpreted as a bearish signal; however, SHIB's current efforts to surpass this level highlight the potential for a significant price movement if the momentum continues.was up 0.85% in the last 24 hours to $0.00001864. In the coming days, traders will be closely monitoring SHIB's price action to see if it can make a sustained push above the SMA 200 and kickstart a fresh bullish move.
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