CandleFocus 4.78 Trillion SHIB in 24 Hours: What’s Going On?
2024-11-23
Author: Content Editor
In the last 24 hours, the price of Shiba Inu (SHIB) cryptocurrency has surged by 13% despite a decline in whale activity. Large transaction volumes, often indicative of whale activity, have decreased by 20.73%. However, the overall trading volume for SHIB has surged by 92%, indicating increased retail trading activity. This suggests that smaller investors are stepping in as whales take a backseat. The rise in trading volume and price suggests that retail traders are looking to capitalize on SHIB's short-term volatility and growth potential. If the price breaks above resistance levels, it could signal an uptrend towards the pattern target of $0.000047. However, if the price falls below certain levels, it may indicate a return of bearish sentiment.
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