Shiba Inu (SHIB) 24-hour trading volume plummets, downturn intensifies!
Shiba Inu (SHIB) was once very popular, but now trading volume has sharply declined, and on-chain activity is stagnating. In the past 24 hours, only 1 trillion SHIB large transactions have been completed, far below the 2.6 trillion of the previous week. On May 1st, SHIB fell to a recent low, further confirming the downward trend.
Currently, the price of SHIB is at $0.00001294, with weak trading volume, and the RSI hovering around 50, indicating that neither buyers nor sellers have made aggressive moves. Without buying pressure or a significant rebound in network activity, SHIB may continue to decline. On-chain data shows that 83% of SHIB holders are already in a loss position, which means that if the price rebounds, it could trigger a large amount of selling pressure.
At present, Shiba Inu is in a critical downturn period, and without external catalysts or whales leading a rebound, SHIB may continue to consolidate, or even test the 200-day moving average ($0.00001140).
