Shiba Inu Experiences Massive 137% Surge: What Does It Mean?

Shiba Inu (SHIB) has witnessed a dramatic price surge of over 137%, driving significant attention to the meme coin. This impressive increase is fueled by substantial whale activity, raising speculation about potential market shifts. Despite this spike, SHIB’s price action hasn’t yet reflected the same momentum as the observed transaction volume. 100 EMA serves as a crucial support level for the token, while its 26 EMA, historically used as a short-term trend indicator, is near to a potential breakout point.