In the past 24 hours, 6.71 trillion SHIB tokens have moved through the network, setting a new seven-day high for the volume of large transactions. This enormous increase in on-chain activity may be the first concrete indication of a more significant bullish shift that has been subtly developing in the background.

In terms of price, SHIB has successfully recovered from the 50 EMA, indicating that mid-range support is still in place. In upward-trending markets, the 50 EMA frequently serves as a launchpad and the recent recovery strengthens the bullish argument. Currently trading at about $0.0000135, SHIB is moving closer to the crucial resistance level of $0.0000140, which has been limiting upward movements for the previous two months.

SHIB/USDT Chart by TradingView

It is evident that something is brewing beneath the surface as the chart indicates a tightening consolidation structure and volume is increasing, especially on the institutional side based on the large transaction metrics. The 50 EMA, which serves as support and the resistance at $0.0000140, are currently separating the price. The 200 EMA, which is close to $0.000016 and also a significant structural resistance level, could be reached quickly if there is a clear break above that zone.

HOT Stories Bitcoin (BTC) Breaks Another All-Time High Third Week in Row 'Rich Dad Poor Dad' Author: Bitcoin Is Your Defense In Current Global Insanity - ‘Prepare for Crash’ Michael Saylor Reveals His X Bitcoin Success Strategy Bitcoin Price Will Soar to $500,000 In Jiffy, Max Keiser Predicts

You Might Also Like
Thu, 05/08/2025 - 10:32 XRP Will Secure $3 If This Major Resistance Is Broken ByArman Shirinyan

This configuration is particularly powerful because of the contrast between price consolidation and increasing on-chain activity. Volatility explosions are frequently the outcome of volume expanding, while price compresses and the odds are currently in favor of the upside. 

The market needs confirmation, though. Another retracement back toward the $0.0000125-$0.0000127 zone is probably in store if the price fails to break and hold above $0.0000140. There is now substantial historical demand and technical support for that level. A larger trend reversal for SHIB in Q2 may begin if momentum continues to build and the 200 EMA target is tagged. Right now, focus is on $0.0000140, which is the boundary between acceleration and hesitation.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。