1,660,000,000,000 SHIB in 24 Hours: Volatility on Verge of Exploding
2025-07-08 11:38:47
Main Idea
Shiba Inu (SHIB) is experiencing significant volatility with 1.66 trillion SHIB transacted in 24 hours, indicating potential for a rapid price movement, as the asset attempts to recover key technical levels.
Key Points
1. 1.66 trillion SHIB was transacted in a 24-hour period, signaling potential for sharp price movements.
2. SHIB's seven-day low was near 700 billion SHIB, while the seven-day high reached 3.54 trillion SHIB, showing erratic accumulation and distribution patterns.
3. SHIB is currently trading around $0.0000118, attempting to recover the 26 EMA after weeks below it.
4. Extended periods of low volatility and high transaction volume have historically preceded breakout stages for SHIB.
5. Technically, SHIB faces strong resistance in the $0.0000125-$0.0000130 range but shows signs of regaining upward momentum with rising RSI and volume.
Description
Shiba Inu could be on verge of rapid momentum surge as network activity is crawling up
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