42% Shiba Inu (SHIB) On-Chain Increase Is Not Yet Bullish: Explaining Why
4 Articles
4 Articles
🚨 On-chain activity on the SHIB network has increased by approximately 42%, but price confirmation has not yet occurred. 📈 $SHIB has recovered from its July low of $0.0000041, but has failed to break through the $0.0000056 and $0.0000057 resistance levels. 📉 The daily RSI remains in the 50 region, and trading volume is below the jumps seen in July and August. 🧭 The market is watching for sustained movement above $0.0000056, along with strong…
42% Shiba Inu (SHIB) On-Chain Increase Is Not Yet Bullish: Explaining Why
Shiba Inu’s on-chain activity has jumped 42%, but weak volume, neutral momentum, and persistent resistance keep the signal from turning decisively bullish.
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