Shiba Inu & Tradecurve Price Analysis: Is A Price Rally On The Cards?
• Shiba Inu (SHIB) has been gaining momentum due to multiple developments in its ecosystem.
• Whales have taken advantage of the market downturn to acquire SHIB tokens.
• Tradecurve’s token presale has also attracted attention from the crypto space.
Whales Accumulating Shiba Inu
Shiba Inu, the popular doge-themed meme coin, has been gaining momentum in the market due to the numerous developments in its ecosystem. As a result, whales are expecting a price rally soon. According to recent information from market intelligence provider, IntoTheBlock, whales have taken advantage of the recent market downturn to acquire a larger number of SHIB tokens. The past seven days have witnessed a notable increase in large Shiba Inu transactions valued at a minimum of $100,000. IntoTheBlock reports that the number of such transactions rose sharply to 40 on Monday. Moreover, when considering these substantial transactions collectively, whales have bought over $61.62 million worth of SHIB within the past week. The reason for the large accumulation could be Shiba Inu whales positioning themselves for an early price rebound.
Price Analysis for Shiba Inu
Following the recent market-wide crash triggered by news of the US Securities and Exchange Commission (SEC) filing a lawsuit against Binance and Coinbase, the price of Shiba Inu has declined over the past 24 hours. By press time, Shiba Inu’s price is $0.00000805, a 0.23% price increase over the last 24 hours but a decline of 6.04% over the past week. The last time Shiba Inu traded around this region, it experienced an uptick in on-chain activity and rallied as high as $0.00001580 .In order for bulls to gain traction and push prices higher they need to break above resistance level which is currently at $0.0000085 if not then prices could drop down below support level $0.000007861 .
Tradecurve’s Token Presale
Tradecurve’s token presale has attracted investors from across the crypto community due to its huge potential and ability to offer tradable assets like cryptocurrencies forex stocks CFDs and commodities .TCRV token value surged by 50% within last month suggesting that it may be gearing up for bullish momentum soon .
Shiba Inu is positioned well with whale investors accumulating more tokens despite current negative sentiment in markets . On other hand TCRV token seems primed for bullish run though further price action will determine direction .
It’s important to keep an eye on both SHIB & TCRV as there are positive signs that suggest potential future growth