A few days ago, Shiba Inu’s trading volume surged to a staggering 37 trillion SHIB, indicating increased market activity and interest. Investors are watching this volume surge as a key signal of increased demand and trading momentum.
They wonder if this is a continuation of SHIB’s recent gains or if this is just a one-off spike. Large investors or whales have been actively trading SHIB and may be accumulating or selling in large quantities, which can usually be indicated by such a sharp increase in trading volume. High trading volume tends to increase liquidity, which can temporarily help stabilize price fluctuations. A spike in trading volume can also mean that the rally is overdone, suggesting a possible pullback, but for Shiba Inu, it could mean that a strong support level has formed around its current price. SHIB’s price recently surged sharply, reaching as high as around $0.000032 before encountering resistance and retreating slightly according to the chart’s technical indicators. The key question remains whether SHIB’s price will continue to rise or begin to consolidate as momentum wanes, although the surge in volume suggests strong market sentiment and buying power. SHIB will need sustained high buying volume to maintain or even extend this growth momentum. If interest from large shareholders persists and retail investors also follow suit, SHIB may once again try to break out of the $0.000028 range and set new highs in the near future. However, the recent rally might lose steam if trading volumes return to normal levels, which could result in consolidation or even decline.
