Shiba Inu, a dog-themed cryptocurrency, is experiencing a remarkable surge in large holder net flows, indicating a potential bullish reversal. On-chain data reveals a 4,320% increase in large holder net flows, suggesting accumulation from significant players. This surge coincides with Shiba Inu's price attempting to rise above the critical daily Simple Moving Average (SMA) 200 level, a benchmark for the token's health.

The significant increase in net flows may indicate that whales are positioning themselves ahead of expected market moves, such as announcements or technological developments within the Shiba Inu ecosystem. Large holders often capitalize on price corrections to accumulate at a discount. The price surge is a promising sign, especially after a steady decline from highs of $0.0000294 on May 29.

Shiba Inu's price is currently trying to surpass the daily SMA 200 at $0.00001872, a level that traders view as critical for the token's health. A sustained push above this level could initiate a fresh bullish move. At the time of writing, Shiba Inu was up 0.85% in the last 24 hours to $0.00001864, indicating a promising start to this potential price movement.

The surge in large holder net flows and price action suggests a potential reversal in Shiba Inu's trend. Traders will be closely monitoring the token's price action in the coming days to see if it can maintain this momentum. If successful, Shiba Inu may be poised for a significant price movement.

The cryptocurrency market is known for its volatility, and Shiba Inu's recent surge is a testament to this. As large holders continue to accumulate, the potential for a bullish reversal grows. Only time will tell if Shiba Inu can maintain this momentum and initiate a fresh price movement.