The price of Shiba Inu (SHIB) is projected to quadruple, following the trajectory of Dogecoin 
$0.29477. This speculation is bolstered by a remarkable 7,000% accumulation of SHIB by large investors in the past week. The growing interest from significant investors is interpreted as a positive signal for SHIB’s future value appreciation.
Whale Accumulation Increases
Currently, SHIB’s price is trading around $0.00001880, reflecting a 0.6% decrease in the last 24 hours. This decline mirrors the price movements observed in Dogecoin. During this election period, SHIB’s price had remained steady, but recent heavy buying by large investors has drawn attention, indicating the potential for a price increase.
Technical Indicators
According to IntoTheBlock data, large investors have accumulated SHIB by 7.469% in the past week. Although the monthly NetFlow remains 3,000% lower than last month, the weekly accumulation reveals a shift in trend. The increase in high-volume trades indicates growing investor interest.
Market Expectations
Crypto analyst Javon Marks predicts that SHIB’s price could reach $0.000081. According to Marks, SHIB’s Relative Strength Index (RSI) indicates a descending bullish formation on the daily chart. If this assessment is validated, a fourfold price increase for SHIB is anticipated.
Indicators and Signs of Upward Movement
The Average Directional Index (ADX) currently stands at 16.46, suggesting potential volatility increase. This situation hints at renewed buying pressure for SHIB. Additionally, the MACD indicator shows bullish signals, while the RSI is at 56.96, indicating a chance for upward movement before hitting overbought territory.
However, it is crucial to remember that the cryptocurrency market is prone to rapid fluctuations. Investors should always conduct their own research before making decisions.
