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Shiba Inu (SHIB): 150% Increase in Worst Metric Possible
The recent surge in price activity has raised some eyebrows among traders and investors as SHIB’s transaction volume has seen a staggering 150% increase, which is an unprecedented metric. This sudden influx of activity has sparked concern that the asset may be experiencing yet another period of accumulation ahead of a potential breakout.
Transaction volume can be misleading at times, but in this case, it appears to be supported by other fundamental and technical indicators. The current market sentiment suggests a significant change in behavior among SHIB investors, with institutional players potentially entering the fray.
The increased activity is not limited to just transactions; even wallets are seeing a boost as new addresses join the network at an alarming rate. This sudden influx of fresh capital could be indicative of a long-term accumulation effort ahead of a major price movement.
Despite these optimistic signs, it’s essential for traders and investors to exercise caution. A failure to close above the $0.000013 resistance level with significant volume may lead to a second retrace towards the $0.000012 support level. This could further prolong SHIB’s extended consolidation period.
The recent surge in transaction volume has sparked speculation about the potential of a major price increase, but it is crucial that investors remain vigilant and monitor market developments closely.
Source: https://u.today/shiba-inu-shib-150-increase-in-worst-metric-possible
