- SHIB’s RSI and MFI were both in oversold positions, and CMF registered an uptick.
- Exchange outflow spiked, but the MVRV ratio still looked concerning.
Shiba Inu [SHIB] registered a double-digit price decline last week, which had a significant impact on its market capitalization. Though the market still faced heat from the bears, a few developments hinted at a trend reversal.
Read Shiba Inu’s [SHIB] Price Prediction 2023-24
Accumulation increases
Lookonchain’s data revealed that, amidst the price decline, a whale bought SHIB. The largest holder of SHIB accumulated 1.5 trillion meme coins, worth over $10 million, from Binance and Coinbase. At press time, the address held more than 5 trillion SHIB.
The largest holder of $SHIB accumulated 1.5T $SHIB ($10M) from #Binance and #Coinbase again 4 hrs ago.
Address”0x40B3″ holds 5.3T $SHIB
Go to Source to See Full Article
Author: Dipayan Mitra
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