- Shiba Inu saw 15.05 trillion tokens traded in 24 hours, raising hopes of a potential price reversal.
- Despite the surge in volume, SHIB’s price dropped, but whale activity and oversold signals hint at a possible rebound.
Shiba Inu (SHIB) is making waves again after an eye-popping 15.05 trillion SHIB tokens were traded in just 24 hours, sparking fresh speculation about a potential bullish reversal. But while the volume surges, the price tells a different story — SHIB has dropped 6.52% over the past day and 12% on the week, now trading around $0.00001055 at press time.
A Tidal Wave of Trading Activity
According to CoinMarketCap, the 61% surge in trading volume comes amid widespread liquidation across the crypto market. Over $701 million was wiped out in the past 24 hours alone, with 175,725 traders losing long positions worth more than $618 million. The increased volatility has pushed SHIB closer to a key support zone at $0.00001000 — a level that held firm during the April dip and now acts as a potential springboard for recovery.
Shiba Inu Whale Movements Spark Reversal Speculation
Large SHIB holders have begun stirring. On-chain analytics show that whale inflows surged by over 1,000% in a week, reaching the same 15 trillion SHIB volume on June 16 — the highest in six months. This pattern often hints at strategic accumulation before a price rebound. With the daily RSI now dipping into oversold territory, SHIB may be poised for a relief rally, if not a full trend reversal.
Key Shiba Inu Resistance Levels to Watch
A sustained recovery depends on SHIB’s ability to reclaim critical technical levels. The 50-day and 200-day moving averages at $0.0000134 and $0.0000163, respectively, serve as breakout targets. Until then, the crypto community remains cautious. Despite bullish indicators, macro sell-off pressures continue to drag down altcoins across the board.
While the market remains uncertain, the massive trading volumes suggest something is brewing beneath the surface. The $0.00001000 support level will be critical in the coming days. A strong bounce could attract new buyers and fuel a fresh rally — but a breakdown may extend the bearish trend.
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