CandleFocus

$170 Million Shiba Inu (SHIB) in 24 Hours - Here's What Happened

Shiba Inu (SHIB), a popular meme coin, has experienced a slight rebound with a 2.13% increase in price and a 43% surge in trading volume. The market cap has also seen a 2.15% rise. This increased trading activity suggests a bullish development and potential for further price increases. However, the coin is still down 5.64% over the past month and faces resistance at certain price levels. To trigger a rally and reach new highs, a broader sentiment shift and sustained market performance are needed.

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