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Amid the current declining wave sweeping the various assets in the cryptocurrency market, investors are strategic moves to unify their positions. It is worth noting, a Sheba Eno The Pisces (SHIB) accumulated 257.5 billion graying of $ 4.6 million.
The interest of the market is the accumulation of the whale
according to LookonchainThe platform of the data analysis on the chain, the SHIB whale benefited from the market decline to make additional purchases.
Commentators indicated that this is a model strategy for whales who want to buy more during market declines while betting on the future recovery of the price.
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After performing the purchase, the data shows that the total whale Shib hazards have increased significantly. Ship whale now has 477.5 billion graying symbols of $ 8.57 million.
This tremendous accumulation indicates a strong belief in the capabilities of the future symbol. The market analysts explained this as bullish news of the Shaiba Eno community. They insist that whales only make large purchases when they want to double their investments before the upscale price step.
The whale work is also in line with the increasing interest of other participants in the market, as the volume of SHIB trading increased by 228.97 % to 567.49 million dollars. This increased interest in the investor occurs despite the price decreased by 8.82 % over the past 24 hours.
To write these lines, Shayb is Change Hands are at $ 0.0000182, according to CoinmarketCAP data. SHIB price was traded between 0.00001743 dollars and a height of $ 0.00001997 in the same time frame.
SHIB cash support levels and community expectations
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Meanwhile, Ali Martinez's encryption analyst set $ 0.0000185 to $ 0.0000212 k Cash support Liqiba Ino area. However, the sale pressure pushes Shib outside this specified area.
As the market participants continue to enhance their position, the broader SHIB community expects the bullish news from Shytoshi Kusama. like I mentioned Written by U.Today, the Shib army is looking for revolutionary news and announcing the date of development.
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