Shiba Inu Whale Activity Surges with Price Reaching Key Resistance

The Shiba Inu cryptocurrency has seen significant whale activity over the past 24 hours, with approximately $835 billion in SHIB tokens being moved around the network.

This movement resulted in a net inflow of 512 billion SHIB into exchanges, with 1.29 trillion SHIB entering and 771 billion exiting.

The price of SHIB has dropped back to its 100-day EMA (Exponential Moving Average) resistance level of $0.00000503.

In the short term, technical analysts are watching for support levels between $0.00000445 and $0.00000448.