SHIB: Shiba Inu Rises By 12% Amid Cautious Whale Activity

A further increase in price may be restricted by the cautious whale activity and the little buildup. The coin confronts significant resistance up ahead despite the bullish EMA lines of SHIB and the formation of a golden cross. The combination of these reasons indicates that SHIB's recent surge might not be able to maintain pace.

The price of SHIB has changed recently, and a significant increase in its 7-day MVRV ratio suggests that a large number of investors are profiting.