How Declining Bitcoin Volumes Drive SHIB 400% Rise

When the market is weak, traders often move profits from Bitcoin (BTC) into high-market-cap meme coins, leading to higher daily gains for SHIB. Recently, SHIB was priced at $0.00001818 and saw a 21% surge in trading volume over 24 hours to $206 million, leading analysts to speculate that it could rise by 400%.

Usually, meme coins rise more than Bitcoin near the end of a market cycle. Past patterns show that funds will flow into meme coins, and SHIB also experienced a similar rise in September, with a single-day gain of more than 20%. The growth in trading volume suggests that the market is active, and SHIB is expected to break through $0.000020.

However, despite the increase in trading volume, the market is skeptical about SHIB's long-term gains. The panic sentiment of traders may lead to the sell-off of Bitcoin. If traders start to see the current price as a buying opportunity, SHIB may absorb this selling pressure.

Currently, SHIB lacks upward momentum, and the RSI indicator shows neutrality, and new traders have not yet entered the market. Bitcoin's trend will be key; if it falls back below key levels, SHIB's rebound may be supported.

Finally, as Bitcoin trading volume has fallen by 20% in the past 24 hours, this may be a moment for SHIB to perform well. If Bitcoin activity continues to decrease in the next few days, the possibility of SHIB rebounding will also increase, and the target price may exceed $0.000020.

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