The article discusses the recent performance and potential future movement of Shiba Inu (SHIB). It mentions that while bulls are struggling with resistance levels, on-chain activity for SHIB is increasing. The Shibarium TVL has hit new highs and the network has achieved a transaction milestone. The article suggests that SHIB may experience a consolidation phase in the short term, but also highlights that there is an order imbalance that could create a buying opportunity. Traders are advised to closely monitor SHIB for any bounce and be prepared to take action. Overall, with rising on-chain activity, the upward trend for SHIB may not be over yet.



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