Zinger Key Points
- Shiba Inu sees a sharp increase in whale transactions, driving a notable price spike.
- One crypto trader predicts a minimum 12% spike from current levels, while another has a conservative target of $0.000056.
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‘Dogecoin Killer' Shiba Inu SHIB/USD experienced a price surge on Tuesday, fuelled by increased whale activity and broader optimism in the crypto market. Quick snapshot of the top three meme coins:
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Shiba Inu SHIB/USD | $0.00002317 | $13.7 billion | +6.6% | -14.9% |
| Dogecoin DOGE/USD | $0.3343 | $49.3 billion | +7.4% | -16.9% |
| Pepe PEPE/USD | $0.00001921 | $8.08 billion | +8.7% | -17.2% |
Trader Notes: Ali Martinez, a crypto chart analyst, pointed out a buy signal on SHIB’s daily chart using the TD Sequential indicator. He predicts a potential price rebound to $0.000026 or even $0.000029.
The Moon Show, another crypto trader, highlighted that despite a 15% correction over the past week, SHIB remains within a 1-week ascending triangle. He conservatively targets $0.000056 for this cycle.
Statistics: IntoTheBlock data shows large transaction volume increased by 265.3% in a single day while daily active addresses were up 0.12%. Transactions greater than $100,000 moved up from 118 to 180, pushing SHIB prices higher. Shibarium data showed steady daily transactions at about 4.7 million since mid-December.
What's Next: Shiba Inu's surge reflects increased interest from large-scale investors, aligning with a broader recovery in crypto sentiment. The combination of technical buy signals and rising whale activity suggests potential for further upside.
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