An increase in the volume of large Shiba transactions! Are the whales preparing for the big climb?

According to data published by the IntoTheBlock platform, Shiba Inu’s large trading volume in the last 24 hours is estimated at 767.35 billion SHIB.

According to Rmzarz News, Shiba Ino’s large trading volume has seen a growth of 66.35%, which is worth about 5.61 million dollars. According to IntoTheBlock, large trades are those that are valued above $100,000 and the increase in these trades is usually associated with increased activity from whales or large investors who are buying or selling.

In general, the movement of whales and big investors affects the price of Shiba. That seems to have been the case in the last 24 hours.

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Beginning

On June 18th, Shiba made a sudden move above the $0.0000075 level, setting a weekly high. After a sharp price drop on June 10th, reaching the $0.000006 level, Shiba was able to recover slowly.

As indicated by the Relative Strength Index (RSI) indicator on the daily time frame, Shiba Token is experiencing a slight recovery from the oversold level, although it remains below the neutral zone.

A slight increase in the oversold area is observed; Because Shiba recorded its highest price at $0.0000075 for four days by recording bullish candles.

According to CoinMarketCap data, Shiba Inu is trading at $0.0000072 at the time of writing, which has seen a slight increase in the last 24 hours and has registered an 8% price increase over the last seven days. Also, Shiba Ino has seen an increase in its trading volume, which has increased by 108% in the last 24 hours.

Also, according to the platform’s data, a total of 24,293,142,331,977 Shiba worth $175,068,453 have been traded in the last 24 hours.