CandleFocus SHIB Trading Volume Craters by $2.8 Billion as Price Sheds 10% — What’s Next
2024-12-16
Author: Content Editor
The Shiba Inu (SHIB) cryptocurrency has seen significant price and volume fluctuations recently. While it experienced a 150% rally year-to-date, the volume has since decreased by $2.80 billion, coinciding with a 10% price drop in the last seven days. The decrease in volume and the drop in the coin's price suggest a potential prolonged decline. Additionally, SHIB's Coins Holding Time has decreased, indicating that short-term holders are selling off their holdings, which could further impact the token's value. The cryptocurrency has also broken below its bullish trendline on the daily chart, suggesting a possible correction and a potential decline to $0.000022. However, if buying pressure increases, the price could climb to $0.000033.
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