Shiba Inu (SHIB) is making headlines again. In the last 24 hours, over 15.05 trillion SHIB tokens were traded — a massive 61% jump in trading volume, according to CoinMarketCap.
But even with this huge activity, the price of SHIB fell 6.52% in the last day, now sitting at $0.00001055. In the past week, it's down by 12%, as the entire crypto market faced heavy losses — more than $701 million worth of trades were wiped out.
👉 Around 175,725 traders got liquidated in the past day, with most of them losing money on long trades (bets that prices would go up).
Since hitting a high of $0.00001362 on June 11, SHIB has been mostly in the red — losing value on 11 out of the past 12 days.
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💡But Could a Reversal Be Coming?
SHIB is now close to a key support level — the same level where it bounced back in April. Also, the RSI (Relative Strength Index) is now in the "oversold" zone, which sometimes means a bounce-back or small rally could be near.
🐋 Whale activity (big investors) is also increasing. A massive 1,048% surge in SHIB movement from large holders was seen this week — especially on June 16, when the 15.05 trillion SHIB was traded. That’s the highest in 6 months.
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⚠️ What to Watch
While some signs point to a comeback, the overall crypto market is still weak. The price needs to hold above $0.00001000 to avoid falling further.
A strong breakout above the 50-day and 200-day moving averages ($0.0000134 and $0.0000163) would signal a true bullish trend and possibly the start of a new rally.
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👀 Final Thoughts
With over 15 trillion tokens traded in just one day, SHIB has everyone watching. But no one knows for sure if it’s the calm before the pump — or just a temporary spike.
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📈 Stay alert and watch how SHIB reacts at these key price levels!
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