Crypto News Digest by U.Today

The roundup of the top four U.Today articles for the last day is waiting for you! Stay tuned for the latest crypto news!

Shiba Inu Technical Indicator Shows Reversal After Predicting 200% Run

With the MACD, or Moving Average Convergence Divergence, the technical indicator that gives the first warning of a medium-term reversal, the long-awaited shiba inu reversal may be closer than ever. The reversal was enthusiastically welcomed by traders and large investors who had bought millions of dollars worth of tokens after the indicator signal occurred.

While this indicates a short-term trend reversal, it does not provide any useful information on the possibility of a new move. Other technical and fundamental indicators in the chain and market indicate that Shiba Inu is currently in a better position than during its 70% correction phase.

100% Winners of MATIC Holders as Ethereum Whale Acquires 1 Million Tokens

Data provided by WhaleStats shows that MATIC is in the top 10 holdings and top 10 tokens purchased among Ethereum whales over the past 24 hours. This appears to affect the price of the asset, as it increased almost 28% in the last three days, reaching highs of $ 2.71. According to IntoTheBlock’s entry / exit indicator, 100% of Polygon holders make a profit at a price of $ 2.63.

SHIB prints small increase as 706 million SHIB burned in 24 hours

Yesterday, according to etherscan data, eight different addresses sent a total of 706.1 million SHIB to a “null address”, or in other words, they burned these tokens. This happened in eight transactions, the largest of which carried 692,937,338 Shiba Inu tokens. Meanwhile, according to CoinMarketCap, Shiba’s rival Dogecoin has started to show small signs of growth.

SHIB’s lead whale buys 93 million SLP, but SHIB remains the main asset of the portfolio

According to a recent tweet from WhaleStats, the fourth largest SHIB whale, named “Light”, has bought 93,360,440 SLP, which is equal to $ 2,815,687. Smooth Love Potion is ranked 448th on CoinMarketCap, with a market capitalization of $ 102,911,390 and a trading volume of $ 149,893,861. However, the largest token position in the whale’s portfolio remains Shiba Inu, which occupies 36.56% of it, or $ 1,348,413,820 in fiat currency.

Source: https://u.today/shib-tech-indicator-shows-reversal-after-predicting-200-run-100-of-matic-holders-in-profit-706

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