Cryptocurrencies are showing signs of recovery after a period of uncertainty, coinciding with growing anticipation surrounding President-elect Donald Trump’s upcoming inauguration. Among the digital assets capturing significant trader interest is Shiba Inu (SHIB), which has seen a surge in activity and bullish dominance.
SHIB: A Surge in Interest
Recent analysis highlights increased activity in Shiba Inu (SHIB) over the past 24 hours, with buyers taking the lead. According to IntoTheBlock’s Bulls and Bears volume indicator, trading volumes have been driven by bullish participants.
Trading Highlights and Trends
On January 16, SHIB’s trading volume reached an impressive 13.04 trillion tokens, equivalent to $313 million. The bulls secured the upper hand by trading an additional 140.24 billion SHIB, valued at $3.4 million, compared to their bearish counterparts.
Eyes on Key Resistance Levels
As SHIB’s rally continues, market analysts continue to monitor the token’s next move. The asset is approaching a critical resistance point at $0.000025, which could define its short-term trajectory.
Shiba Inu’s growing momentum underscores renewed optimism among traders and investors, reflecting a broader market recovery. With bulls maintaining control and key resistance levels within sight, SHIB could be poised for further gains if positive trends persist.
