The post Shiba Inu Eyes Multi-Week High with Skyrocketing SHIB Metrics appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) has been tipped for success as it flips into a bullish trend with an 81% increase in trading volume.  The SHIB Open Interest (OI) has increased by 12% in the last 24 hours, hinting at growing confidence among traders.  Shiba Inu (SHIB) made a surprising comeback on its 24-hour price chart to surge by 7%. According to our market data, this has extended its weekly gains to 13% to trade at $0.000024. [mcrypto id=”435420″] SHIBA Inu (SHIB) On-Chain and Price Analysis Delving into its trading volume, we found a significant surge of 81% in the last 24 hours with $980 million changing hands at press time. Meanwhile, Binance exchange dominates this category as the SHB/USDT pair records $171 million in volume while its SHIB/TRY pair also has $8.46 million. On Coinbase, the SHIB/USDC pair has a daily trading volume of $64.8 million while the SHIB/KRW pair reaches $147 million in volume on South Korean exchange Upbit. Supporting the current price trend, SHIB Open Interest (OI) has significantly increased by 12.6%, sending the total tokens committed by traders on the futures market to 22.66 trillion. Source: Coinglass At the beginning of the year, a renowned analyst identified as Javon Marks predicted that SHIB could record a 264% uptick to hit $0.000081. According to him, his prediction is based on the formation of what is termed “textbook bull signals.” Meanwhile, he expects the asset to rise by 585% to hit $0.00015 during the peak of the cycle. Source: Javon Marks $SHIB (Shiba Inu) is still holding in great positioning, recently, on lower timeframes, confirming yet another bullish signal that can point to a continuation towards the $0.000081 target but this post-breakout chop can be calling for even higher! As prices have broken out, this target at $0.000081 is in…

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Filed under: News - @ January 18, 2025 5:09 am