Over 1.2 trillion Shiba Inu tokens have been traded in the last 24 hours, but the token remains in difficulty and heading downward. Regardless of the massive transaction volume, SHIB’s price remains under substantial pressure and shows no signs of recovery.
Shiba Inu token has seen a surge in trading activity, with more than 1.2 trillion tokens traded in the last day. Despite this high volume, the coin’s price remains on the decline. It is struggling to recover and gain upward momentum, suggesting that the overall market sentiment for SHIB remains negative.
Current Market Situation
SHIB are currently experiencing a downward trend. The price has been slowly dropping, and technical indicators suggest that selling pressure is high. Despite heavy market activity, with $184 million worth of SHIB traded in the last week, the price has not risen. This suggests that investors are still cautious about cryptocurrency.
Shiba Inu Token Market Analysis
The recent sharp drop in SHIB prices completely changed the situation. Previously, the price shifted downward. However, the new drop changed this pattern, indicating that the situation for Shiba Inu is even worse than before. This makes it much more difficult for the price to recover in the near term.
Shiba Inu is having a difficult time. The price is falling, and investor confidence is low despite heavy trading. With the overall crypto market struggling, SHIB’s future does not look promising. Investors should exercise caution and prepare for future challenges.
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