Shibarium Transaction Count Doubles to 2600 in Just Four Days
- Surge in Transactions: Shibarium's daily transaction count skyrocketed from 1,300 on June 10 to 2,600 by June 13, marking a 100% increase in just four days, which significantly enhances the ecosystem's activity and draws investor attention.
- Volatility Pattern: Despite the recent surge, Shibarium has experienced multiple short-term fluctuations since late May, peaking at 7,220 transactions before swiftly declining, highlighting the market's instability and rapid swings in activity.
- Market Sentiment Impact: The overall uncertainty in the crypto market has exacerbated Shibarium's transaction fluctuations, with many digital assets facing downward pressure in early June, leading to a fear-driven atmosphere reflected in the Crypto Fear and Greed Index remaining at 21.
- SHIB Price Movement: Although SHIB has decreased by 1.96% in the past 24 hours, trading at $0.00000489, it has managed to rise 4.43% over the week, indicating resilience against broader market declines, with future focus on demand and investor buying trends.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000353 | 0.00000391 | 0.00000433 | 0.00000471 | 0.00000513 | 0.00000551 | 0.00000593 |
| Fibonacci | 0.00000391 | 0.00000422 | 0.00000441 | 0.00000471 | 0.00000502 | 0.00000521 | 0.00000551 |
About SHIB
About the author
