The performance of the Shiba Inu (SHIB) encryption cryptocurrency has recently drawn attention. Currently, the trading price of SHIB hovers around $0.00001293. Although it has experienced a period of fall, it has now begun to show signs of recovery. Notably, SHIB is gradually approaching its 100-day moving average, which is often seen as a signal of potential upward trend.

However, what truly draws the market's attention is the significant increase in whale trading activities recently. In particular, the trading volume in the range of 1 million to 10 million USD has surged by 945%, such a huge increase is astonishing. Trading activities of this scale often indicate impending drastic price fluctuations, suggesting that large investors may be preparing for significant changes in the market.

For investors watching SHIB, it is crucial to closely observe whether its price can stabilize above the range of $0.00001270 to $0.00001300. If SHIB can maintain itself above this range, it may indicate the formation of an upward momentum.

The impact of whale activity on the market should not be underestimated. Large transactions often trigger significant market fluctuations, whether it is a price increase or a fall. Therefore, investors need to remain vigilant about the market turbulence that these large-scale trades may bring.

Currently, the main resistance levels that SHIB faces are around $0.00001323 and $0.00001429. Breaking through these key levels may trigger stronger upward momentum.

Overall, the Shiba Inu coin market is at a critical moment. The sudden increase in whale activity suggests that significant changes may be imminent in the market. Whether experienced traders or novice investors, everyone should remain vigilant and closely monitor market trends to prepare for potential volatility. In this uncertain encryption market, timely market insights and prudent investment strategies will become particularly important.