Shiba Inu (SHIB) Whale Alert: 1.4T Tokens Purchased, New ATH Possible

The cryptocurrency market is abuzz with the latest Shiba Inu whale alert, where a staggering 1.4 trillion SHIB tokens were purchased.

In a recent development in the cryptocurrency realm, a staggering 1.4 trillion SHIB tokens were purchased by a so-called ‘whale,’ setting the stage for what could be a mega rally of the memecoin.

This news comes amidst speculation about a potential new all-time high (ATH) for Shiba Inu. Technical analysis suggests that a wedge breakout could propel SHIB to new highs, while a 4H head and shoulders pattern might indicate a slight dip before the next upward move.

As the cryptocurrency market continues to recover from recent lows, several memecoins are showing signs of strength. Among them, Shiba Inu (SHIB) has been a subject of interest with a recent mega purchase by a whale.

According to data from the crypto analytics platform DeCryptFund, a staggering 1.4 trillion SHIB tokens were purchased on Thursday, April 27. This astronomical purchase is valued at approximately $105 million at current prices.

🚨 HUGE Shiba Inu Buy Alert! 1.4 Trillion SHIB Tokens Purchased As Menacoin Shows Signs Of Recovery From Recent Lows. Several memecoins are displaying strength amid the broader cryptocurrency market’s recovery from recent lows. Among them, Shiba Inu (SHIB) has been a subject of interest with a recent mega purchase by a whale. According to data from the crypto analytics platform DeCryptFund, a staggering 1.4 trillion SHIB tokens were purchased on Thursday, April 27. This astronomical purchase is valued at approximately $105 million at current prices. The identity of the buyer remains unknown, but the sheer magnitude of the transaction has sparked widespread discussion and speculation within the crypto community.

"This is exactly what we saw before past SHIB explosions!" said LucksideCrypto.

Indeed, the memecoin is now bouncing on the 50-day moving average and the Stochastic RSI suggests there’s room to run before the memecoin gets overbought. A potential wedge breakout could propel SHIB 14X if bullish momentum builds. However, there’s a need for caution in the short-term. A 4H head and shoulders pattern suggests that SHIB might see a slight dip before the next leg up.

Breaking above $0.000015 could open the door for a rally towards $0.00003, a 114% increase. If the bullish wave continues, SHIB could retest its ATH of $0.00008 or higher in 2024. Some predictions suggest that SHIB could reach $0.0001 to $0.001 by 2030 with new blockchain adoption and increased utility.

For traders, watching the $0.000015 breakout will be key for confirmation. If a dip occurs, $0.000012 could be a good entry point. However, it’s crucial to remember that memecoins are high-risk, high-reward investments and can move rapidly.