Shiba Inu (SHIB), the second-largest meme coin by market cap, has seen a significant increase in transaction volume despite ongoing price consolidation. The coin's large transaction volume has surged by 238.58% in the past 24 hours, even as it faces selling pressure and a bearish price action pattern. If SHIB breaks down from this pattern and closes below the $0.0000258 level, it could potentially drop by 20% to reach $0.0000206. However, SHIB's Relative Strength Index (RSI) suggests that there is still room for the asset to rise in the coming days. Currently trading at around $0.000026, SHIB has experienced a 2.65% price decline in the past 24 hours, with lower participation from traders and investors.



Other News from Today