The biggest Ethereum (ETH) one of its whales is in the middle of bullish momentum 120 billion Shiba Inu took.
Ethereum Whale Adds $1.45 Million Shiba Inu (SHIB) To Its Portfolio.
WhaleStats, “Boromir” reported that the 168th largest ETH Whale, named ETH, has collected a staggering $1,450,800 worth of 120,000,000 SHIB in a significant transaction in the past 24 hours.
ETH whale "boromir" just bought 120,000,000,000 $shib ($1,450,800 USD).
Ranked #168 on WhaleStats: https://t.co/2koVEMo4NB
Transaction: https://t.co/gvMHMpnkXF#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) January 29, 2023
According to data provided by Etherscan.io, this major purchase was made about 15 hours ago via Paribu, Turkey’s leading cryptocurrency trading platform.
Shiba Inu is forming an “ascending triangle” pattern around the key resistance at $0.000012 on the 4-hours chart, an increase in buying pressure and a positive market outlook could help Shib break through potentially to the upside.
In August 2022, the Shiba Inu experienced a 42% spike in price in one day, from $0.000012 to $0.000018.
SHIB is currently facing resistance in the $0.000012 range as the token has dropped from its previous highs of $0.00001295 and $0.0000125 on Jan. 18 and Jan. 22, respectively.
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If SHIB can break through this range, it could reach the next target of $0.0000136. The uptrend in the price could continue with potential targets at $0.0000151 and $0.0000179.
Recently, South Korea’s famous cryptocurrency exchange Upbit made a statement. doggeoinfrom (DOGE) second largest meme token after Shiba Inu (SHIB) and Premiereto (PREMIERE) announced that it was listed.
*Not investment advice.