A large whale recently moved 220 billion SHIB tokens from Binance wallets in a single transaction. This type of activity is often seen as a move towards self-custody, suggesting a long-term hold strategy. This whale action aligns with patterns observed during market uncertainty, potentially signaling confidence in Shiba Inu's future price performance. SHIB has seen a recent price recovery, supported by a key level around $0.00002200.
While the current trend appears cautiously bullish, SHIB remains below the 50 EMA, indicating a need for further upward momentum. Increased volume during this recovery phase suggests renewed interest driven by whale activity. However, if the $0.00002200 support level fails to hold, SHIB could test lower levels again