Abnormal 1054% Shiba Inu (SHIB) Surge on Network: What Does It Mean?

Key Points

1. Shiba Inu sees a 1,054% increase in network activity, suggesting significant whale activity or accumulation.

2. SHIB's price breaks through the $0.0000145 zone and approaches the critical resistance around $0.000015.

3. The Relative Strength Index (RSI) above 70 indicates overbought conditions, signaling potential short-term exhaustion.

4. The surge in on-chain activity may foreshadow a significant upcoming event, with possible price movements between $0.000017-$0.000018 or a drop to $0.000013-$0.0000125 if it's a distribution event.

5. The article highlights the unpredictability of SHIB's price direction despite the notable spike in network metrics.