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Whaleactivity

All articles tagged with #whaleactivity

cryptocurrency1 year ago

XRP Surges Past $2.50: Will Whale Activity Maintain Momentum?

XRP's recent rally to $2.55 has been fueled by significant whale accumulation, with large holders increasing their positions during price dips. Despite the bullish momentum indicated by technical indicators like RSI and MACD, XRP remains in overbought territory, suggesting potential for profit-taking. Historical patterns show mixed outcomes for whale activity, with past accumulations leading to both substantial profits and periods of stagnation. The sustainability of XRP's upward trend depends on continued whale demand and broader market sentiment, with potential resistance at the $2.50 level.

via AMBCrypto News|
#cryptocurrency#cryptomarket#priceanalysis
cryptocurrency1 year ago

Shiba Inu (SHIB) Sees Surge in Whale Activity and Burn Rate, Sparking Rally Speculation

Shiba Inu (SHIB), a meme-inspired cryptocurrency, saw significant whale activity with major holders increasing their holdings by over 1 trillion SHIB in 24 hours, according to IntoTheBlock. This surge in large holder inflows, amounting to $1.98 trillion, coincided with a 19.2% price increase, breaking a key resistance level. The correlation between whale buying and price growth raises questions about the driving force behind the rally, with the coming week expected to reveal if this trend will persist.

via U.Today|
#cryptocurrency#investments#pricerally
cryptocurrency1 year ago

Shiba Inu Whales Stir as $2.5B Holdings Signal Potential Breakout

Shiba Inu (SHIB) is poised for a potential breakout, with whale and institutional investors increasing their holdings by 425% in the past month, signaling strong interest. Technical analysis suggests that if SHIB closes above $0.0000295, it could rise by 50% to $0.000044. However, mixed on-chain metrics indicate trader confusion, as open interest has dropped and trading volume has decreased, reflecting lower market participation.

via AMBCrypto News|
#cryptocurrency#markettrends#shibainu
cryptocurrency1 year ago

Shiba Inu Faces Uncertainty Amid 70% Drop in Whale Activity

Shiba Inu's price has increased by 8% in the past 24 hours, but a significant 70% drop in whale transaction volume raises concerns about its market stability. Large transactions, which indicate major holder activity, have decreased sharply, suggesting potential reduced confidence or exits by whales. This decline could affect liquidity and price stability, despite the recent price uptick driven mainly by retail investors. A notable transfer of 4 trillion SHIB worth $99 million between unknown wallets was also reported, adding to market uncertainties.

via Bitcoinist|
#blockchain#cryptocurrency#markettrends
cryptocurrency1 year ago

Shiba Inu's Potential: Market Cap Dreams and Price Predictions

Shiba Inu (SHIB) has experienced a significant increase in large transaction volumes, reaching 6.47 trillion SHIB by early November, which has coincided with a rise in its price. This surge in activity suggests heightened market interest, possibly from high-volume traders or whales, and has pushed SHIB's price above $0.00002221. The 50-day moving average crossing above the 200-day moving average indicates potential bullish momentum, though the RSI suggests SHIB may be overbought. The increased transaction volume could lead to either a breakout or a correction, depending on large holders' actions.

via AMBCrypto News|
#cryptocurrency#markettrends#priceanalysis
cryptocurrency2 years ago

"Analysts Predict Crypto Surge as $3.5 Trillion Flows In Amid ETF Buzz and Bitcoin's Bullish Momentum"

Analyst Ali Martinez reports that $2.5 billion has re-entered the cryptocurrency market after a significant correction, suggesting a potential rebound and increased investor confidence. With the total crypto market cap around $1.60 trillion, Martinez highlights the cautious approach of BTC traders who are reducing leverage ahead of possible regulatory developments, such as the approval of Bitcoin ETFs by the SEC. Additionally, a surge in large Bitcoin transactions indicates active accumulation by crypto whales. At the time of the report, Bitcoin's value stands at $44,091.

via The Daily Hodl|
##bitcoin#cryptocurrency