OMG! 1.66 Trillion SHIB in 24 Hours: Is the Shiba Inu Market About to Blow Up?

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😱 Hold onto your leashes, folks! The Shiba Inu market has seen a whopping 1.66 trillion SHIB transactions in just 24 hours. Now, that’s a lot of doggy coins! 🐕💰

This sudden surge in on-chain activity is no joke, and it’s crucial to pay attention because it often leads to some serious price movements. Just look at the past week’s data – the seven-day low was still a hefty 700 billion SHIB, while the high reached a staggering 3.54 trillion SHIB. 📈

These wild fluctuations in accumulation and distribution among SHIB holders, especially the whales, are quite the spectacle. 🐳 If total volumes keep surpassing the trillion mark, the market’s current calm is about to be shattered, and price discovery will speed up faster than you can say “woof!” 💥

Currently, SHIB is trading in the $0.0000118 region, trying to recover the 26 EMA after weeks of being below it. The asset has been consolidating in a narrow range since mid-June, creating a base within the $0.0000110 to $0.0000120 range. Historically, periods of low volatility and high transaction volume have often led to breakout stages. 📈

Technically speaking, SHIB is still trapped in stronger resistance zones, especially near the $0.0000125-$0.0000130 range. However, it’s starting to show signs of regaining upward momentum. The RSI has increased to 49, indicating that momentum is building without yet reaching an overheated level. A classic pattern for volatility expansion involves the RSI’s slow ascent and rising volume. 📈

In any case, investors should brace themselves for some major movement. If buying momentum picks up speed, SHIB may eventually break through its short-term resistance band, targeting levels near $0.0000145 and beyond. On the other hand, this volume surge could also signal a period of redistribution before a new selling season. 📉

In conclusion, with the combination of a tightening price structure and increasing transaction volume, it’s safe to say that volatility is on the verge of exploding. Traders and holders should keep a close eye on SHIB because it’s unlikely to stay quiet for much longer. 👀💥

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2025-07-08 13:46