Shiba Inu slightly declined in the early hours of Tuesday, but rebounded and currently trades higher than its opening price. The asset has been mostly rangebound over the last three days, but broke out a few hours ago. However, the asset remains close to its three-day high and grapples with slight selling pressure. A close at the current price will mark the continuation of the previous day’s uptrend. The global cryptocurrency market cap is almost unchanged from the start of the day. Nonetheless, it prints a green candle on the 1-day chart, indicating small buying pressure on Tuesday. SHIB is experiencing a similar trend and has not registered any significant price change despite the breakout. Investors remain largely unconvinced that the downtrend has ended and are cautious about the next price action. A recent report shows that some investors are gearing up to sell off their bags in the coming days, with some already dumping BTC and ETH. Shiba Inu is not exempt from this trend. Santiment reported that SHIB whales are already on the move. Whale activity spiked on Monday, with 406 of these large wallets moving massive amounts of the token. Their activity coincides with the 1.06 trillion SHIB moved during this period, and exchange reserves are increasing. The reaction trailing has been minimal. Regarding price, the asset barely moved, and netizens remain mostly unbothered. Nonetheless, they all agree that the transfer may result in significant volatility. How Will SHIB React? Shiba Inu is currently unaffected by the latest development. However, the effect may begin to show in the coming days. There is no clear direction on where prices will go. Nonetheless, current actions suggest that these whales have not yet dumped their bags. The transfers may mean they are preparing to and are waiting for the perfect opportunity. One such catalyst is a hawkish FOMC decision. In such an instance, the whales may dump their bags, causing a massive price dip. However, it’s worth noting that prices may surge even higher in the coming days. The report stated that the asset experienced a similar transfer on June 6. The altcoin surged by over 3% during that session and gained an additional 8% over the next four days. Nevertheless, the uptrend faded, and Shiba Inu lost over 26% before recovery. A similar event may play out: a short-term surge, followed by massive declines. What if Shiba Inu Breaks $0.0000095? Shiba Inu surged higher a few minutes into writing, gaining almost 4%. It is edging closer to the $0.0000090 resistance. Previous price movements suggest that it may break above the barrier and retest $0.0000095. SHIB attempted the mark last week but failed. Nonetheless, with a rate cut in view, the memecoin may flip the mark. If that happens, the odds of breaking above $0.000010 increase. The 1-day chart shows no strong sell walls before the mark. Additionally, flipping 0.0000097 will provide stronger support to ensure a surge above $0.00001. Away from prices, the moving average convergence divergence had a positive crossover last week. Prices have since been rangebound with few breakouts. Another may happen in the coming days, but may wane off this week. The asset is edging closer to bollinger’s upper band. A further uptick will trigger a breakout from the bands, signaling the end of the uptrend. The post Red Alert for Shiba Inu: 1.06T SHIB Move to Exchanges. How Will Price React? appeared first on CoinTab News.Shiba Inu slightly declined in the early hours of Tuesday, but rebounded and currently trades higher than its opening price. The asset has been mostly rangebound over the last three days, but broke out a few hours ago. However, the asset remains close to its three-day high and grapples with slight selling pressure. A close at the current price will mark the continuation of the previous day’s uptrend. The global cryptocurrency market cap is almost unchanged from the start of the day. Nonetheless, it prints a green candle on the 1-day chart, indicating small buying pressure on Tuesday. SHIB is experiencing a similar trend and has not registered any significant price change despite the breakout. Investors remain largely unconvinced that the downtrend has ended and are cautious about the next price action. A recent report shows that some investors are gearing up to sell off their bags in the coming days, with some already dumping BTC and ETH. Shiba Inu is not exempt from this trend. Santiment reported that SHIB whales are already on the move. Whale activity spiked on Monday, with 406 of these large wallets moving massive amounts of the token. Their activity coincides with the 1.06 trillion SHIB moved during this period, and exchange reserves are increasing. The reaction trailing has been minimal. Regarding price, the asset barely moved, and netizens remain mostly unbothered. Nonetheless, they all agree that the transfer may result in significant volatility. How Will SHIB React? Shiba Inu is currently unaffected by the latest development. However, the effect may begin to show in the coming days. There is no clear direction on where prices will go. Nonetheless, current actions suggest that these whales have not yet dumped their bags. The transfers may mean they are preparing to and are waiting for the perfect opportunity. One such catalyst is a hawkish FOMC decision. In such an instance, the whales may dump their bags, causing a massive price dip. However, it’s worth noting that prices may surge even higher in the coming days. The report stated that the asset experienced a similar transfer on June 6. The altcoin surged by over 3% during that session and gained an additional 8% over the next four days. Nevertheless, the uptrend faded, and Shiba Inu lost over 26% before recovery. A similar event may play out: a short-term surge, followed by massive declines. What if Shiba Inu Breaks $0.0000095? Shiba Inu surged higher a few minutes into writing, gaining almost 4%. It is edging closer to the $0.0000090 resistance. Previous price movements suggest that it may break above the barrier and retest $0.0000095. SHIB attempted the mark last week but failed. Nonetheless, with a rate cut in view, the memecoin may flip the mark. If that happens, the odds of breaking above $0.000010 increase. The 1-day chart shows no strong sell walls before the mark. Additionally, flipping 0.0000097 will provide stronger support to ensure a surge above $0.00001. Away from prices, the moving average convergence divergence had a positive crossover last week. Prices have since been rangebound with few breakouts. Another may happen in the coming days, but may wane off this week. The asset is edging closer to bollinger’s upper band. A further uptick will trigger a breakout from the bands, signaling the end of the uptrend. The post Red Alert for Shiba Inu: 1.06T SHIB Move to Exchanges. How Will Price React? appeared first on CoinTab News.