Whales Taruh Besar pada Rebound SHIB: 874 Miliar Token Dibeli
Are Whales Betting Big on a SHIB Rebound? 874 Billion Tokens Just Bought https://cryptonews.com/news/are-whales-betting-big-on-a-shib-rebound/

Whales Bet Big on SHIB Rebound, Buying 874 Billion Tokens During Dip

Meme coins like Shiba Inu (SHIB) have been hit hard recently, with prices plummeting as a result of President Donald Trump's tariffs on key commercial allies. However, opportunistic buyers are starting to take advantage of these lower prices, purchasing massive amounts of the meme coin.

According to data from IntoTheBlock, whales just bought 874 billion SHIB tokens from April 2 to April 6 as the meme coin was dropping near a critical support area. This kind of move by "smart money" typically indicates that they expect the price to hit bottom in the near term.

SHIB has gone down by 3.2% in the past 24 hours and has accumulated a 12% loss in the past week. The token is currently retesting the key support at $0.0001082, which if broken, could result in a downside risk of nearly 21% for SHIB.

Momentum indicators are also favoring a bearish short-term outlook, with the Relative Strength Index (RSI) currently standing at 21% distance from the signal line, indicating accelerated momentum. The MACD's histogram has also posted four consecutive higher dark red bars, indicating negative momentum.

As whales take center stage during the sell-off, other promising crypto projects like BTC Bull Token are also attracting "smart money". BTC Bull Token has introduced an innovative milestone-based rewards system that allows Bitcoin investors to earn passive income as the price recovers and makes new all-time highs.