Shiba Inu might be on the verge of a resurgence following a notable increase in network activity.

Shiba Inu Network Activity

Shiba Inu saw a 24-hour transaction volume of 2.7 trillion SHIB, indicating a potential trend reversal. Large transaction volumes, along with improved technical and network indicators, may push the token's price upward.

Technical Analysis of the Token

The chart shows Shiba Inu consolidating in a symmetrical triangle, trading near a significant support level. A potential breakout could have a major impact on the token’s price trajectory.

Potential Resistance Levels

Three key resistance levels are attracting traders' attention. A break above $0.000018 may trigger a rally, while a sustained move above $0.000022 could indicate a significant bullish reversal. If the $0.000025 level is surpassed, a full recovery could be possible.

Current data suggests the possibility of significant price movement for Shiba Inu. Increased activity and technical consolidation serve as early indicators of a potential breakout.