An interesting development has emerged on the price chart of the popular meme-inspired cryptocurrency Shiba Inu (SHIB) today. Since the start of the new daily candlestick, the price of SHIB has quickly increased by nearly 5%, reaching a high of $0.0000147 – the highest price for the Shiba Inu token in eight days.
The surge was accompanied by a surge in trading volume, indicating active buying at the time. However, SHIB's stock price subsequently gave up its gains and even fell below the opening price of the day, leaving a long shadow on the daily candlestick chart.

This wick marks the high and low points of the day and raises a key question.

Will the wick be filled? That is perhaps the most interesting question at this point. As it stands, some large investor, or perhaps a group of large investors, started buying SHIB today, which pushed the price higher.

On the one hand, this suggests that there are buyers willing to purchase Shiba Inu tokens at current prices. On the other hand, the subsequent price hike may indicate that SHIB has a small order volume and high volatility. This may make the price of SHIB unstable and may make it challenging to predict the short-term price trend of SHIB. #柴犬 #柴犬（SHIB）新闻 #石像馆