Shiba Inu Approaches Key Price Level with Bullish Momentum Signals

The Shiba Inu price is showing signs of strong bullish momentum, fueled by a golden cross and whale activity. This technical indicator suggests an upward trend based on the 50-day moving average surpassing the 200-day average. Leading to market optimism, larger investors are further strengthening this potential. The recent accumulation of over 874 billion SHIB tokens by whales is particularly noteworthy. 874 billion tokens held in wallets belonging to large entities signals a confidence in Shiba Inu’s future.