CandleFocus Just 1.9 Trillion SHIB in 24 Hours: What's Really Happening?
2024-12-14
Author: Content Editor
Shiba Inu (SHIB) has experienced a significant drop in large transaction volume, indicating less whale activity in the cryptocurrency. The volume of transactions over $100,000 has decreased by 76.21% in the past 24 hours. The price of SHIB has also dropped by 2.05% and trading volume has decreased by 9.05%. This slowdown in activity may be due to cautious sentiment in the market and profit-taking. The recent price increase followed by a decline suggests the token is entering a consolidation phase. If the price falls below the 50-day SMA, the advantage will shift to the bears. Confidence may improve if the US Federal Reserve decreases interest rates at its upcoming meeting.
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