In recent months, investor confidence in Shiba Inu has significantly declined, reflecting in the token's market activity and trading volumes. Despite substantial transactions, SHIB is struggling to maintain its market position.
Current State of SHIB
Recently, Shiba Inu has shown a decrease in trading activity and overall volume. Over the past day, 604 billion SHIB transactions have been made, but the total trading volume is still below $1 trillion. These figures indicate a declining interest in the asset.
Analysis of Recent Data
According to the data provided, the number of significant SHIB transactions has sharply fallen. Only 42 significant transactions have been recorded in the past 24 hours, a substantial drop from the 65 transactions recorded a few days earlier on September 12, 2024. This sharp decline in trading volume and large transactions indicates waning market interest.
Forecast and Prospects
Some indicators still provide hope: although the SHIB price is far from its previous highs, the asset is showing recovery and is trading around $0.00001413, breaking through minor resistance levels. Despite the decline, the price remains above important support levels, suggesting potential stabilization.
Although Shiba Inu is experiencing a decline in interest and trading volumes, the asset continues to show signs of life. In the future, a stabilization may occur, allowing SHIB to stay afloat despite current challenges.
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