Shiba Inu’s Price Action Caught Between Whales and Resistance

A massive transfer of over 10 trillion SHIB tokens has sent ripples through the Shiba Inu (SHIB) market, sparking speculation about price direction. This whale-driven activity follows a surge in trading volume that has attracted attention to the cryptocurrency’s position amidst technical hurdles. Despite the notable volume increase, SHIB’s price remains trapped within a trading pattern known as a convergent triangle, making any significant breakout challenging.