SHIB's Price Holds Steady Despite Record-Breaking Short-Term Transaction Surge

A significant increase in short-term SHIB transactions has failed to support the price of the asset. According to data, the percentage change in SHIB's short-term transactions reached a staggering 3402%, but this surge did not translate to higher prices.

In fact, the live price of SHIB remained around $0.00000454 per unit, with only a minor decline of 3.6% over the last 24 hours. Meanwhile, the net flow into short-term transactions saw a significant drop to -1.44 million dollars over 12 hours.

The technical resistance levels for SHIB have remained intact, indicating that the asset's price has not been able to break through these key support levels.