Shiba Inu Buying Pressure Reaches New Highs: Is SHIB Set for Another Surge?

The Shiba Inu (SHIB) token, which has changed price incredibly quickly, is back in the spotlight due to renewed buying pressure. Recent Specifically, SHIB’s TD Sequential indicator flashed a fresh buy signal on its daily chart, raising the possibility of the token targeting new resistance levels in the short term. But is this buying pressure sustainable, and what factors are driving the recent rally?

Recent data suggests a complex picture for Shiba Inu. Hace 3 días The formation of lower highs since recent peaks indicates increasing bearish pressure, though the token has found support between $0. $0. . This highlights a tug-of-war between bullish and bearish sentiment. While the recent buy signal indicates potential upward momentum, it's crucial to analyze other indicators.

Despite the positive buy signal, Shiba Inu trading volume is now down by 40.98% in the last 24h. This decrease in trading volume could indicate a weakening of the buying pressure, suggesting the rally might be short-lived. A huge drop of more than 30% occurred in Shiba Inu around two weeks ago at the same time as [External Event - Insert Event Here]. This past volatility reminds investors of the inherent risks associated with meme coins like SHIB.

While the potential for short-term gains exists based on the buy signal and renewed buying pressure, investors should proceed with caution and conduct thorough research before buying at $0. with a change. Keep a close eye on trading volume and overall market sentiment to make informed decisions about Shiba Inu.