SHIB Tech Indicator Shows Reversal After Predicting 200% Run, 100% of MATIC Holders in Profit, 706 Million SHIB Burned in 24 Hours

The summaries of U.Today’s top four news articles of the last day is ready for you! Be sure to check back for the most recent news on crypto!

Shiba Inu technical indicator shows an inverse trend following the prediction of 200 percent run

With the MACD (also known as moving Average Convergence Divergence technical indicator that signals the first indication of a possible reversal at mid-term and the long-awaited Reversal of Shiba Inu might be more near than ever. Reversals were embraced by investors and traders who had bought hundreds of millions worth of coins since the indicator’s signal came through.

While this may indicate a temporary trend change, it will not give any valuable data on the likelihood of any new movements. Other fundamental and technical on-chain and market indicators suggest this Shiba Inu is in a much better position than it was in its 70 percent correction phase.

100 percent MATIC holders earn the profit when Ethereum whale buys 1 million tokens

The data from WhaleStats confirms that MATIC is in the best 10 assets as well as the top 10 most purchased tokens by Ethereum whales in the last 24 hours. This could affect the value of the asset as it jumped by nearly 28% over the past three days, hitting highs of $2.71. According to the IntoTheBlock In/Out indicator 100 percent of Polygon holders are earning at $2.63.

SHIB has a small increase in its numbers at 706 millions SHIB burned in just 24 hours

According to etherscan data, eight distinct addresses have sent 706.1 million SHIB to the “null address,” or that is the tokens were burned. The transaction took place in eight including the largest one that contained 692,937 Shiba Inu tokens. In addition, according to CoinMarketCap Shiba’s competitor, Dogecoin, has started showing little signs of growing.

The leading SHIB whale purchases the largest amount of SLP however SHIB remains the top asset in the portfolio

According to a tweet posted from WhaleStats The fourth largest SHIB whale, known as “Light,” has bought 93,360,440 SLP equivalent to $2,815,687. Smooth Love Potion sits in 448th position on CoinMarketCap and has an estimated market value of $102,911,390, and an annual trading volume of $149893,861. But the largest symbol in the portfolio of the whale is Shiba Inu which accounts for 36.56 percent which is $1,348,413,820 in fiat.