Shiba Inu has garnered attention in the crypto community with a surprising surge in blockchain activity, raising questions about future market changes.
Unusual Token Volume Surge
Recent data indicates that Shiba Inu's token volume surged to 4.25 trillion, up from 1.1 trillion previously. Despite this, the total number of transactions remained at 5,355, leading to speculation about the actions of large token holders.
Technical Analysis: Pressure and Support
Currently, the token is trapped in a narrow symmetrical triangle. Support is at $0.000012, but attempts to break through the $0.000014 level have failed. It is expected that further moves will depend on developments, and the current technical state creates uncertainty in the market.
Future of Shiba Inu Token
It remains unclear whether the spike in blockchain activity will lead to a sharp rise or decline in token price. Following consolidation, the token's future may depend on how it reacts to current conditions.
The rise in Shiba Inu token activity has generated various speculations among analysts. Future market moves will depend on the token's reaction to current changes.
