Shiba Inu (SHIB) has experienced a significant surge in trading activity, with its trading volume reaching $1.46 billion in the last 24 hours. The price of SHIB has skyrocketed this week, attracting traders looking for short-term gains. Shiba Inu's on-chain activity has increased sharply, along with its price, compared to other altcoins and meme coins. Social dominance and discussions about SHIB and related projects have also increased. SHIB broke various price thresholds and if it can sustain a breach above $0.000020, its rally could continue to $0.000029. At the time of writing, SHIB has increased by 1.20% in the last 24 hours and is up 36% weekly. A potential decrease in price may indicate profit-taking, with a break below $0.000018 suggesting range-bound trading between $0.000014 and $0.000020.



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