Shiba Inu (SHIB) transactional activity has surged, with 147 large transactions worth 1.9 trillion SHIB occurring in the last 24 hours, up from a seven-day low of 82 on May 19, 2024. Despite this, the price remains stagnant around $0.000024, suggesting the transfers might be internal redistributions rather than new investments. The market remains neutral, with the relative strength index above the 50-point level. For SHIB to break out, sustained buying pressure and overall market optimism are needed, with key levels at $0.000022 and $0.000026 being watched closely.
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