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Crypto

Shiba Inu Volume Soars Past $50 Million Amid Resistance Test

Guavy AI Editorial Team
Instruments
SHIB
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Shiba Inu's SHIB token experienced significant trading activity on one exchange, reaching a volume of over $50 million. This surge in volume occurred as the token tested resistance near $0.00000620.

The price of SHIB reached approximately $0.00000627 during the latest daily session before retreating to around $0.00000594, representing a gain of more than 10% from its previous trading range.

This increase in activity produced one of SHIB's largest daily volume bars since August, indicating higher participation from buyers and sellers.

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