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Altcoins & DeFi

Shiba Inu (SHIB) Volume Around Zero, Price Future Stays Unclear

Image: U.Today

Shiba Inu is trading near $0.00000517, and the chart indicates a market that has gone quiet . Trading volume in recent sessions is tiny compared with the spikes seen in late July, August and September. When volume fades like this, price moves lose strength, and neither buyers nor sellers show real control. SHIB peaked near $0.00000627 in late September, but it could not hold above the long black moving average near $0.00000563. Since then, it has slipped below the blue and orange averages, which sit near $0.00000541 and $0.00000529. Both now act as resistance.

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