SHIB worth millions has been removed from exchanges since November 2023.
SHIB’s price moved up marginally in the last 24 hours, and a few indicators were bearish.
Shiba Inu [SHIB] has witnessed a considerable increase in its buying pressure over the past few days. Whenever buying pressure increases, it hints at a bull rally.
Therefore, to understand whether investors should expect a bull rally, AMBCrypto took a closer look at the Shiba Inu ecosystem.
Investors are buying Shiba Inu
Ali, a popular crypto analyst, recently pointed out that SHIB was experiencing a hike in buying activity. Notably, there has been a massive withdrawal of over 8 trillion SHIB from known crypto exchange wallets since November 2023.
#ShibaInu | Since November, there’s been a massive withdrawal of over 8 trillion $SHIB from known #crypto exchange wallets – that’s valued at approximately $88 million! pic.twitter.com/RLFA8N0dLI
— Ali (@ali_charts) December 24, 2023
AMBCrypto then took a look at Santime
We współpracy z: https://ambcrypto.com/shiba-inu-buying-pressure-rises-is-a-rally-incoming/
