Shiba Inu (SHIB) Price Movement and Market Activity

- Recent Price Change: SHIB has decreased by 1.5% in the past 24 hours to $0.00002673, reflecting broader market instability. However, it has shown a 0.5% recovery in the last hour.
- Weekly and Monthly Performance: Despite the recent decline, SHIB has gained 7% over the past week and 19% over the past month, demonstrating sustained interest and resilience.

Whale Activity and Market Implications

- Whale Transfer: A whale transferred 445 billion SHIB from Robinhood to a personal wallet, suggesting potential for a price surge.
- Market Volume: SHIB’s 24-hour trading volume has surged to $1.3 billion, compared to $300 million a few days ago, indicating increased demand.

Technical Indicators and Future Outlook

- RSI and Moving Averages: SHIB's RSI recently peaked at 80, dropped to 35, and is rising again, indicating potential for a rebound. The 30-day moving average is still above the 200-day average, suggesting the possibility of further short-term decline before a rally.
- Whale Accumulation: Recent data shows significant accumulation by whales, hinting at expected gains for SHIB.

Future Predictions

- Ethereum ETFs Impact: The launch of Ethereum ETFs next month is expected to increase demand for altcoins, including SHIB.
- Price Projections: With improving macroeconomic conditions, SHIB could reach $0.00003 in the next month and potentially $0.00005 by the end of the summer.