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SHIB monthly increase of 7.5%, giant whale movements + burning surge, descending wedge may break out
【Crypto World】SHIB has performed well over the past month, with a total increase of approximately 7.5%. Even more interesting is that the flow of funds behind it has started to become intriguing.
Data shows that the single-day burn volume has skyrocketed to 29.94 million tokens, with the burn rate soaring by 2459.5%—this magnitude is indeed noteworthy. Meanwhile, a mysterious whale transaction has surfaced, with someone transferring 15.18 billion SHIB. Such large-scale anomalies often indicate that the market may be on the verge of a new change.
From a technical perspective, traders have observed that SHIB’s three-day chart is forming a key signal. The price is currently approaching the breakout point of a descending wedge, a pattern that often suggests the possibility of a reverse breakout. The increased activity of whales combined with abnormal burn mechanisms all hint that the market may be about to enter a new rhythm.