4,870,000,000,000 Shiba Inu (SHIB) In 24 Hours: It Explains A Lot

Key Points

1. Shiba Inu's on-chain volume surged to 4.87 trillion SHIB in 24 hours, indicating aggressive movement, possibly by large holders.

2. SHIB has broken below the 50 EMA level and is moving toward the 200 EMA, suggesting a potential downward trend.

3. The seven-day average of 2.72 trillion SHIB with a peak of 4.87 trillion highlights increased macro pressures and speculative activity.

4. If SHIB fails to hold the critical support at $0.00001200, it risks falling further to the $0.00001050 range.

5. Large SHIB transfers and a descending market structure support the possibility of a continued downward trend.