Volatility on Verge of Exploding
The post Volatility on Verge of Exploding appeared on BitcoinEthereumNews.com.
The amount of transactions on Shiba Inu has recently increased dramatically, reaching 1.66 trillion SHIB in a 24-hour period. It is important to take seriously this abrupt increase in on-chain activity since, for better or worse, it frequently precedes sharp price movements. It is evident from the given transaction volume data that activity has been spiking over the past week. The seven-day low was still close to 700 billion SHIB, while the seven-day high was 3.54 trillion SHIB. The erratic accumulation and distribution patterns among SHIB holders, particularly whales, are highlighted by this striking contrast. If total volumes begin to regularly surpass the trillion mark, the market’s period of calm is probably coming to an end, and price discovery may quicken. SHIB/USDT Chart by TradingView SHIB is currently trading in the $0.0000118 region on the price chart itself. The asset is trying to recover the 26 EMA at this level after falling below it for weeks, which makes it noteworthy. Since mid-June, the price has been consolidating in a narrow range, creating a base within the approximate range of $0.0000110 to $0.0000120. In the past, extended stretches of low volatility and high transaction volume have preceded breakout stages. Technically speaking, SHIB is still trapped in stronger resistance zones, especially in the vicinity of the $0.0000125-$0.0000130 range, but it is beginning to show indications of regaining upward momentum. The RSI has increased to 49, indicating that momentum is increasing without yet reaching an overheated level. A traditional pattern for volatility expansion involves the RSI’s slow ascent and rising volume. You Might Also Like In either case, investors should expect substantial movement. Should buying momentum pick up speed, SHIB may eventually surpass its short-term resistance band, aiming for levels nearer $0. 0000145 and higher. Given the uncertainty, however, it is also possible…
Filed under: News - @ July 8, 2025 12:28 pm