Shiba Inu saw a healthy 7.77% growth in large transactions, hinting at potential growth in the future. While it may seem silly, the psychology of "lucky number" is sometimes used when making serious investments and can have a real impact on the market performance of digital assets such as Shiba Inus.
The $1.25 billion in transaction volume over $100,000 recorded by SHIB in the last seven days indicates significant interest from major players. Large trades may indicate an accumulation phase, when large investors and whales increase their holdings in anticipation of a sharp rise in prices.
Network signals are still largely bullish, even with Telegram's user base down slightly by 1.46%. With an increase of 0.24%, net network growth is positive and indicates that the SHIB network is growing, attracting more users and transactions.
This growth is necessary for the long-term viability of the tokens and increasing their value. However, not all signs are bullish. The percentage of token holders that are currently generating profits, as indicated by the monetary metric, is -13.70%.
This suggests a significant percentage of investors are holding SHIB in the red, which could put selling pressure if the price doesn't turn around quickly. SHIB is currently trading at $0.00001745 from a technical perspective.
Mixed sentiment is also reflected in stock signals. The supply and demand volume imbalance shows a bearish signal of -5.59%, indicating more interest in selling than buying in the market, while the Smart Price indicator is neutral at -0.01%.
