However, the buyers are still stronger than the sellers as higher lows are currently being formed. Due to the market-wide retracement, SHIB has lost momentum again in the last two days, but continues to form higher lows. Thus, the uptrend remains intact.<\/p>\n
For a breakout from the triangle, it needs an increasing trading volume. If the breakout occurs under low volume, it may be a false signal, as some of the last attempts showed.<\/p>\n
Featured image from Coin Cloud, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
While Shiba Inu continues to fail to break the key resistance level of $0.00001152 on the 1-day chart, one of the largest SHIB whales is taking the opportunity to buy the dip. As reported by crypto tracking service WhaleStats, the unknown grand owner of Shiba Inu with the synonym “BlueWhale0073” has continued his buying spree over the last three days. Yesterday, “BlueWhale0073” acquired 148.78 billion SHIB worth around $1.65 million in a single transaction. Just a short time earlier, on April 4 the 254th largest Ethereum whale bought 229.96 billion SHIB worth around $2.58 million, as reported by WhaleStats. The total number of Shiba Inu bought by the whale in the last 72 hours has thus reached the eye-popping number of 378.74 billion SHIB worth $4.23 million. Nevertheless, the buying pressure from the unknown SHIB investor has not been enough to move SHIB upward against the market trends. Nevertheless, Ethereum whales continue to believe in a rising price of SHIB. In their last update at the end of March, WhaleStats reported that SHIB remains by far the most popular investment next to stablecoins among ETH whales. Related Reading: Shiba Inu Fundamentals Look Strong, When Will SHIB Price Follow? The top 2000 ETH whales hodl a total of $606.55 million in SHIB. Coming in second by a wide margin is MATIC, in which whales poured $167.71 million. It is followed by BEST ($155.92 million), LINK ($149.43 million), CHSB ($131.74 million) and UNI ($96.22 million) Can Shiba Inu Continue Its Upward Trend? After Shiba Inu experienced an extremely powerful early-year rally that saw price rise from $0.00000802 to as high as $0.00001588 on February 4, the price fell back down by mid-March. After reaching the high, the buying pressure was not enough to keep propelling the SHIB price higher. However, since the local low on March 10 at $0.00000965, the Shiba price has been able to form an uptrend again. SHIB has formed an ascending triangle in the 1-day chart, which is one of the consolidation formations. This means that the previous trend direction could be resumed after a consolidation phase. Currently, the price of $0.00001151 acts as a horizontal resistance line. SHIB has failed to break this crucially important resistance in seven attempts so far. Related Reading: Shiba Inu: Market Stability At Pivotal Point As Buyers Hold Strong At This Level However, the buyers are still stronger than the sellers as higher lows are currently being formed. Due to the market-wide retracement, SHIB has lost momentum again in the last two days, but continues to form higher lows. Thus, the uptrend remains intact. For a breakout from the triangle, it needs an increasing trading volume. If the breakout occurs under low volume, it may be a false signal, as some of the last attempts showed. Featured image from Coin Cloud, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":525957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,83667],"class_list":["post-525954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n
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Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whale Adds 378.74 Billion Shiba Inu In 3 Days, Good Time To Buy The Dip?","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/whale-adds-378-billion-shiba-inu-in-3-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/whale-adds-378-billion-shiba-inu-in-3-days\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/6169f952cce5990061efef97_dog-shiba-inu-on-snow-16x9-frisbee.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/6169f952cce5990061efef97_dog-shiba-inu-on-snow-16x9-frisbee.jpg?fit=2223%2C1250"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shiba inu"],"dateCreated":"2023-04-07T09:10:02Z","datePublished":"2023-04-07T09:10:02Z","dateModified":"2024-06-11T07:52:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whale Adds 378.74 Billion Shiba Inu In 3 Days, Good Time To Buy The Dip?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/whale-adds-378-billion-shiba-inu-in-3-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/whale-adds-378-billion-shiba-inu-in-3-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/6169f952cce5990061efef97_dog-shiba-inu-on-snow-16x9-frisbee.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/6169f952cce5990061efef97_dog-shiba-inu-on-snow-16x9-frisbee.jpg?fit=2223%2C1250\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shiba inu\"],\"dateCreated\":\"2023-04-07T09:10:02Z\",\"datePublished\":\"2023-04-07T09:10:02Z\",\"dateModified\":\"2024-06-11T07:52:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/6169f952cce5990061efef97_dog-shiba-inu-on-snow-16x9-frisbee.jpg?fit=2223%2C1250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=525954"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/525957"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=525954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=525954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=525954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Shiba](\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/SHIBUSD_2023-04-07_10-18-08.png?resize=3625%2C1672\")