Shiba Inu (SHIB) is experiencing a rise in on-chain activity and transaction volume, indicating renewed interest in the popular meme coin. The transaction volume peaked at 3.12 trillion SHIB in a single day, reaching $70.31 million. SHIB's current price is approximately $0.00001830 and is testing important resistance levels. If it breaks above the $0.000020 mark, it could confirm a bullish reversal. However, if it falls below the support level at $0.00001650, a continuation of the downward trend may occur. Despite recent struggles, the spike in volume and activity is encouraging, and SHIB may enter a new bullish phase if momentum continues. Monitoring crucial price levels is advised.



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