#SHIBUSDT In the past 24 hours, approximately 3.5 trillion SHIB tokens were transferred, indicating that large investor activity in the market is returning. What this could mean for SHIB's price

Shiba Inu token trading volume reached 3.45 trillion last trading day, showing a significant recovery. This increase in activity suggests that large holders (whales) may be accumulating and demand may be rekindled. This behavior is usually a sign of a significant price increase or decrease.

SHIB is currently trading near the key price threshold of $0.00002, in the $0.000019 range. A break above this level could signal a bullish trend and attract more traders and investors. The increase in large transactions suggests that big players are making moves, perhaps before the price rises. When analyzing the number of large transactions, SHIB recorded a seven-day high of 187 transactions, which is significantly higher than the seven-day low of 38 transactions recorded on July 11, 2024.

This rise indicates that investors are becoming more confident, which means that they expect a positive change in price soon. While the outlook is currently positive, there are still a few things to consider. Current liquidity and trading volume are very important. The surge in large transactions now indicates increased activity, but sustained high trading volume is needed to maintain the upward momentum. According to the chart, SHIB seems to be approaching important resistance levels, especially around $0.00002, which has historically been a psychological barrier.

For more latest analysis, follow the team at night $SHIB