Shiba Inu Skyrockets 50% In Volume, Where's Price Heading?

2025-07-17 09:51:25

Main Idea

Shiba Inu (SHIB) experiences a 50% surge in trading volume and shows bullish technical indicators, with potential to reclaim higher price levels if current momentum continues.

Key Points

1. Shiba Inu's trading volume increased by 51.58% to $519.18 million, driven by broader market activity and Ethereum's price movement.

2. SHIB's price rose from $0.00001368 to an intra-day high of $0.00001479, with a 5.16% gain over seven days, signaling a bullish trend.

3. Technical indicators, including moving averages and Bollinger Bands, suggest potential for further price gains, possibly reaching $0.000015 or even $0.000020.

4. The ecosystem has stabilized after a recent drop in trading volume, with analysts predicting a possible 20% price spike.

5. Shiba Inu benefits from the Ethereum network effect, contributing to its recent performance in the broader crypto market.