This Shiba Inu (SHIB) EMA Cross Should Not Be Ignored

Shiba Inu, the meme coin that has gained one of the strongest communities in the cryptocurrency industry, has recently thrown a peculiar signal into the ring, and it is worth every trader's attention.

Timeline of Shiba-inu

In an astonishing turn of events, an astronomical sum of Shiba Inu tokens, totaling a staggering 750 billion, has been observed on the move within the last 24 hours. The trail leads back to the bankrupt American crypto broker, Voyager, which appears to be orchestrating a complex series of transfers.

Shiba Inu upholds a bullish outlook that stemmed from trading June's low at $0.00000597. The second most prominent meme coin has since then seen its value grow by at least 75% to exchange hands at $0.00001046 on Monday.

Shiba Inu's partner, Bad Idea AI (BAD), has experienced significant gains over the past 30 days. On-chain analytics provider Lookonchain draws attention to BAD's 500% surge over the past month.

With a 62.92% gain in the last 60 days, the Shiba Inu coin price remains one of the most successful coins in the crypto industry. Currently, the Shiba Innu coin price trades slightly above the psychological mark of $0.000010 with an intraday gain of 3.52%.

The official X account of the leading meme coin Shiba Inu has announced that the SHIB community should not expect to have a "quiet week ahead" since the word "quiet" is not on their vocabulary.

According to the latest insights from the IntoTheBlock Indicator, a staggering 100 trillion SHIB are circulating around the present price range. Such a colossal volume, transacting at this narrow price bracket, suggests the possibility of a significant resistance level forming for Shiba Inu.

Shiba Inu (SHIB) has emerged as a star player in the face of tumultuous currents in the crypto market, signaling a potential game-changing move on the horizon. Bolstered by a robust 28% surge in price over the past eight days, SHIB is now at the precipice of what traders refer to as a “Golden Cross,” a technical pattern that could herald further significant gains.

According to data provided by the Etherscan tracker, over the past 60 minutes, whales have managed to transfer a whopping 44 billion SHIB. These billions of Shiba Inu were moved in 12 transactions, each carrying from one billion to eight billion SHIB.

Shiba Inu, the hot topic in the crypto market lately, is making waves with its recent price movements. Just a week ago, it trimmed a zero from its price and got closer to $1, currently trading at $0.00001087. This has led to a steady 15% price growth.

Shibburn meme crypto tracker has shared that within the past 24 hours, the Shiba Inu community has succeeded in setting fire to more than 700 million SHIB. Approximately 50% of it was destroyed in just a single transaction.