The recent spike in transaction volume of Shiba Inu (SHIB) tokens, reaching 3.7 trillion, has raised questions about a potential long-term recovery for the asset. However, despite the high volume, the price chart shows a bearish trend and downward pressure on SHIB. The increase in volume may not necessarily indicate bullish sentiment, as it could be the result of major holders selling off their holdings. Historical data also suggests that price reversals do not always follow transaction surges. SHIB's price is struggling below important resistance levels, and a further decline is likely if it cannot maintain its current support levels. While a temporary relief rally could occur if SHIB surpasses the $0.0000145 level, a substantial recovery is uncertain due to the general market mood and lack of strong buying interest. Overall, it is unclear if the high transaction volume signifies a recovery or simply robust market activity, as more than volume is needed for SHIB to establish a bullish trend in the presence of weak price action and ongoing selling pressure.



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