CandleFocus 3.78 Trillion SHIB in 24 Hours: Shiba Inu Price Skyrockets 7%
2024-10-12
Author: Content Editor
The price of the Dog-themed cryptocurrency Shiba Inu (SHIB) has increased by 7% in the last 24 hours. This surge is accompanied by a rise in large transaction volume, indicating activity among large holders. According to IntoTheBlock, the large transaction volume of SHIB has increased by 46.79% in the last 24 hours, amounting to 3.78 trillion SHIB or $66.61 million. The price increase of SHIB is also linked to a larger market recovery, as the Shiba Inu meme gains attention. Additionally, the support for SHIB is teased by DeLorean and Tesla's Cybercab, both featuring the Shiba Inu dog. The price of SHIB is expected to rise further if it surpasses key resistance levels. However, if bears manage to bring the price below a certain level, a decline is expected.
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