Shiba Inu Sees Surge in Transfer Volume Amid Technical Resistance Challenges and Stable Transaction Activity

The post Shiba Inu Sees Surge in Transfer Volume Amid Technical Resistance Challenges and Stable Transaction Activity appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) is currently experiencing a surge in on-chain transfer volume, exceeding 10 trillion tokens in a single day, indicating increased network activity driven by whale movements. On-chain transfer volume of over 10 trillion tokens Stable transaction count at approximately 5,400, suggesting whale activity. SHIB faces multiple technical resistances, including the 200 EMA near $0.00001420. Shiba Inu news highlights a significant increase in transfer volume, driven by whale transactions. Stay updated with the latest insights. What is Shiba Inu’s Current Market Status? Shiba Inu (SHIB) is trading around the $0.00001300 level, attempting to stabilize after recent volatility. The SHIB token is currently facing multiple technical resistances that are limiting its upward momentum. How is SHIB Performing Technically? SHIB is trapped within a convergent triangle structure, with the 26 EMA acting as the first resistance. The 50 EMA above serves as a rejection zone, while the 100 EMA adds further pressure. The most significant barrier is the 200 EMA, which has consistently obstructed bullish advances since spring. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Shiba Inu faces multiple resistance levels, including the 26 EMA, 50 EMA, 100 EMA, and the critical 200 EMA near $0.00001420, which have historically limited price increases. The increase in volume is significant as it suggests heightened interest from large holders (whales), which can influence market trends and price movements. Shiba Inu is currently…