Shiba
Shiba Inu (SHIB) and Cardano (ADA) Show Something You Don’t Want to Miss
Santiment analytics platform highlighted the rise of whale-tier transactions on two polarizing assets, Shiba Inu and Cardano. When large transactions worth $100,000 or more start to spike on a network, it historically signifies upcoming price shifts, and these moves should be closely monitored. Shiba Inu, the meme token, has recently seen a massive price spike, gaining over 20% to its value in just a few days. While the solid price spike was followed by some reversal signals, like a bearish RSI divergence, the rise in large transactions on its network should not be ignored.
🐳 Three of the more polarizing assets in #crypto, #Cardano, #ShibaInu, and #Hex, are seeing big spikes in large whale transactions. When $100k+ transactions spike on a network, it historically is associated with upcoming price shifts. Monitor closely. 👀 https://t.co/KG0mTWH11y pic.twitter.com/PHI9NOaxbn
— Santiment (@santimentfeed) February 5, 2023
🐳 Three of the more polarizing assets in #crypto, #Cardano, #ShibaInu, and #Hex, are seeing big spikes in large whale transactions. When $100k+ transactions spike on a network, it historically is associated with upcoming price shifts. Monitor closely. 👀 https://t.co/KG0mTWH11y pic.twitter.com/PHI9NOaxbn
— Santiment (@santimentfeed) February 5, 2023
