Shiba Inu (Shiba) whales seem to be in risk mode before the pivot data of American inflation, which should show a renewed increase due to the prices of American President Donald Trump.
The main whale transactions exceeding $ 100,000 have been crushed 91.5% in the past four days, controlling the institutional investor market to retailers, according to Coindesk IA information.
The prices, however, increased the hopes of the Bulls, exceeding the resistance of the keys to 0.0000133 with a massive peak of 975 billion volumes. The cryptocurrency also exceeded the simple mobile average at 100 days widely looked at (SMA).
In addition, a record of 1.5 million portfolios now holds the SHIB tokens, representing 0.011% of the world’s population, a sign of accelerated community growth.
Key technical information
- The Shib-USD pair went from 0.0000129 to 0.0000134, representing a gain of 4.6% with a total range of 0.00000063 (4.9%).
- A significant volume peak of 975 billion in the last hour propelled the prices to cross the resistance level of 0.0000133.
- The price action has formed an upward channel with higher hollows at 0.0000129, 0.0000131 and 0.0000132.
- The level of 0.0000135 now appears to be the next key resistance target for the bulls to be overcome.
- A strong upward escape occurred between 07: 11-07: 16, where the price went from 0.0000133 to 0.0000135, representing a gain of 1.5%.
- After reaching the high session, the price has established a new support area around 0.0000134, with several tests confirming this level.
Focus on American inflation
According to FactstSet, the median estimate from one year on the other for the consumer price index for May is 2.5%, an increase compared to the increase of 2.3% of April.
If the data corresponds to estimates, this will be the first increase in the number compared to the previous month since January 2025, validating the waiting position of the Federal and Data dependent reserve.
That said, the increase led by prices in inflation has been discussed on the markets for some time, and confirmation may not be a shock for the market. In other words, DIPs could be short -lived.
