Shiba Inu’s 17% Price Surge Faces Blockage from Traders, While Mpeppe (MPEPE) Sizes Up a 150% Increase

Quick Summary:

The increase in whale activity, coupled with declining trading volume, suggests potential price manipulation risks and high volatility.

The Shiba Inu (SHIB) Relative Strength Index (RSI) is currently at 61, indicating the asset is slightly overbought, which could lead to a further price correction if the RSI drops below 50.

This discrepancy between whale activity and trading volume suggests potential price volatility and manipulation risks due to large movements by significant holders.

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Article Details

Category: Crypto

Markets: United States

Topics: Press Release HideCryptopanic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 13:00:21 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21684624

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #103

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