Despite a high transaction volume, Shiba Inu (SHIB) has not seen a significant boost in its price. The number of large transactions has been fluctuating, but the price of SHIB has not kept up with the rise in volume. The chart shows a downward trend, with SHIB currently trading at around $0.00001767. The market mood and the distribution of major transactions may be contributing factors. The asset's support levels are now crucial, with the next support likely around $0.00001630. If SHIB cannot hold above $0.000017, there is a possibility of a downward breakout. The high transaction volume does not necessarily indicate bullish momentum, and future price movements will depend on market trends and new buying demand.
- Content Editor ( u.today )
- 2024-10-25
3.4 Trillion Shiba Inu (SHIB) in 7 Days, But It Is Not Enough