The sheer volume of transactions has shocked the #SHIBCommunity . Notably, some of the transactions were driven by $SHIB
whales, who have decided to participate in ongoing market activities. In the last seven days, #SHIB has steadily climbed above the $0.000015 level as it struggles to breach critical resistance levels.
This latest transaction signals that SHIB holders, particularly whales and retail traders, could have decided to open positions on #Binance . Generally, when traders, either whales or retail, engage in intense trading activities, it signals a potential trend shift. Analysts say if such staggering volume hits the market, it could sustain SHIB’s recovery journey. That is, the volume might overwhelm the market bears and help SHIB push for a new rally. It could trim the losses already recorded by Shiba Inu. With historic precedents signaling a positive trend ahead, analysts still advocate caution across the board.
