[3.12 trillion transaction volume in 24 hours, is Shiba Inu ready to make a comeback? 】
Shiba Inu Coin (SHIB) has seen a significant increase in on-chain activity recently, with a single-day transaction volume reaching 3.12 trillion SHIB, showing the market’s renewed focus on this meme coin. Volume at the seven-day high hit 4.15 trillion SHIB, with trading volume over the past 24 hours reaching $70.31 million, a growth that could signal a reversal or a new wave of upward momentum.
Technical analysis shows that SHIB is currently trading around $0.00001830, having rebounded from recent lows. A break above the key resistance at $0.000020 would further confirm its bullish trend. However, further downside risks may arise if the price breaks below the $0.00001650 support.
Overall, Shiba Inu Coin’s on-chain activity is showing positive signs, and if this momentum continues, SHIB is expected to enter a new upward phase.
