Shiba Inu (SHIB), a dog-themed cryptocurrency, has experienced a significant surge in trading volume on the Coinbase exchange. SHIB's spot trading volume on Coinbase increased by 1,711% in the last 24 hours, attracting $13.12 million in volumes. The overall trading volumes for SHIB also rose to $482 million. The surge in trading volume is seen as a sign of renewed interest and activity around SHIB, as the Shiba Inu ecosystem prepares for updates in 2025. The community is anticipating that these developments may benefit SHIB in the long run and increase demand for the token. Despite the increase in trading volume, SHIB's price has remained relatively steady. Analysts believe that sustained high volumes could lead to upward price momentum if the broader market strengthens. Breaking through key resistance levels will be important for SHIB to enter a fresh bullish phase. Immediate support levels for SHIB are at $0.0000234, with major support levels at $0.00002 and $0.0000188.



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