Analysts Look For Bullish Indicators As SHIB Holders Move 5.45 Trillion Tokens Off Exchanges

The post Analysts Look For Bullish Indicators As SHIB Holders Move 5.45 Trillion Tokens Off Exchanges appeared first on Coinpedia Fintech News

Amidst the recent bull run, whilst other cryptocurrencies have displayed impressive surge in recent weeks, the price of Shiba Inu has been discouraging. SHIB recorded only 35% gains in the last four weeks. However, Dogecoin has surged by 143% during the same period, and PEPE saw an impressive 105% monthly gains. 

Notably, analysts are observing for indicators that could suggest a significant move for SHIB in the coming days. Technical analyst Cantonese Cat believes SHIB is on the verge of breaking above the weekly Ichimoku Cloud. This could signal the onset of a strong uptrend after its prolonged period of dull price actions. 

$SHIB weekly chart looks ready to break above the weekly Ichimoku cloud at any time pic.twitter.com/uZlQ3DBY73