$SHIB sees 318B tokens traded in 24 hours, but price action stays flat near $0.00001211 — volume spike brings little momentum.
Shiba Inu saw a massive 318 billion tokens change hands in 24 hours, but the price barely moved from $0.00001211. This disconnect between trading activity and price action is raising questions about whether the volume surge actually means anything for SHIB's direction.
💥SHIB Price Faces Moving Average Resistance
$SHIB is trading at $0.00001211 with a 2.53% daily gain, but despite billions of tokens moving, the price isn't breaking higher. The meme coin is hitting resistance from key moving averages: the 50-day MA at $0.00001316, 100-day MA at $0.00001304, and 200-day MA at $0.00001488.
Until bulls reclaim these levels, rally attempts will likely get capped.
💥Volume Peak Doesn't Translate to Price Action
According to a Twitter post, SHIB's trading volume peaked at 3.49 trillion tokens on July 30th before dropping quickly. The market reaction was underwhelming, with RSI sitting at 38.46 – below neutral and showing fading momentum.
This volume-price disconnect suggests the massive transfers were likely whale repositioning rather than fresh demand. Without breaking above $0.00001220 and reclaiming key moving averages, SHIB may continue sideways or lower.
$SHIB 's weak response to heavy volume signals caution. Traders should watch for a move above $0.00001300 to confirm any bullish momentum.
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