Shiba Inu (SHIB) trading volume surges, near one-week high

Shiba Inu (SHIB) performed well, with large trading volume soaring to 4.1 trillion SHIB in a short period of time, close to a seven-day trading high. Such large transactions usually mean that whales or large investors have increased interest in the market, and this change in holdings can have a profound impact on future price movements.

A sudden increase in trading volume is often a sign of market activity, indicating that price fluctuations may occur. According to the current data, SHIB is in a symmetrical triangle pattern. This technical pattern often means that when volatility decreases, there may be a possibility of price breakouts up and down.

As trading volume tends to decrease, SHIB's area close to the tip of the triangle may hint at an upcoming breakout. Due to the surge in large trading volume, some investors believe this is a bullish signal. If the price breaks through the important resistance level of $0.000018, it may further enhance bullish expectations; conversely, if it breaks down, the price may fall to $0.000016 or lower.

Continued increase in holdings by large holders may drive SHIB further up. But if the market momentum weakens, SHIB may find it difficult to maintain the current price level. Technical graphics and on-chain data are still the key to judging future trends and need to be closely watched.

Whether it is a breakthrough or a pullback, SHIB is currently at a critical stage.

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