#2024withBinance Shib to the moon 🚀 🔥
Shiba Inu recovering as trading volume comes back With an incredible 11.39 trillion SHIB in transaction volume over the past day, Shiba Inu has seen a lot of on-chain activity. This increased activity coincides with strong whale movements, which frequently serve as important market drivers for the dynamics of the asset's price.🔥
According to the chart, SHIB is presently trading close to the $0.000030 level, which is starting to show signs of being a crucial resistance. On the downside, $0.000026 shows strong support, which could serve as a foundation for a recovery in the event that the asset experiences sell-offs. Mixed market sentiment is indicated by the trading volume, which is still comparatively steady but trails slightly behind the huge spike earlier this month.✅🚀🔥
Whale activity peaked at 21 trillion SHIB on Dec. 2, a seven-day high, as shown on the large transactions volume chart, highlighting their important role in market liquidity. Significant price movements are frequently preceded by this level of activity, which can lead to breakouts or consolidations.