10 Trillion Shiba Inu (SHIB) Traded in 24 Hours: Why It’s Not as Impressive as It Seems 😨 While 10

10 Trillion Shiba Inu (SHIB) Traded in 24 Hours: Why It’s Not as Impressive as It Seems 😨

While 10 trillion SHIB tokens exchanged hands over the past 24 hours might sound monumental, it falls short when compared to SHIB’s historic peaks. High transaction volumes typically signal increased whale activity, often hinting at potential market shifts, but this time, the story appears different.

📊 Lackluster Enthusiasm:

Unlike SHIB's earlier breakout phases, the current volume shows limited excitement from market participants. Technical analysis reveals SHIB hovering around a critical support level, attempting to hold its ground after bouncing off the 50 EMA—a signal of short-term resilience.

⚠️ Weak Momentum:

Despite SHIB’s attempt to maintain an upward trend, the accompanying transaction volume remains notably subdued. This divergence between price action and trading activity raises concerns about the sustainability of its upward momentum. Without a significant surge in enthusiasm or investor inflows, a prolonged uptrend seems unlikely.

To sum it up, SHIB’s current activity lacks the firepower seen in previous growth cycles, signaling caution for traders and investors. Keep a close eye on volume shifts and market sentiment to gauge whether SHIB is poised for a meaningful turnaround or further consolidation.

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