- SHIB rises by 8% to $0.000008078, signaling a strong bullish trend.
- Trading volume spiked by 68% to $333,406,842, indicating widespread investor interest.
- SHIB’s sentiment turns to “Greed,” showing improved profitability.
Shiba Inu (SHIB) enthusiasts have reason to celebrate as the meme coin experiences a notable resurgence in its market performance. Over the past 24 hours, SHIB has made a remarkable 8% gain, climbing to a price of $0.000008078.
This surge has ignited optimism within the SHIB community and raised speculation about the possibility of an imminent bullish run. The most striking aspect of SHIB’s recent revival is the significant increase in trading volume.
Trading activity has spiked by a staggering 68%, reaching a total of $333,406,842. This surge in trading volume reflects a heightened interest in the coin from both retail and institutional investors. It suggests a growing affinity for SHIB and, if sustained, could potentially pave the way for a more substantial upside in the token’s value.
Another critical metric that has caught the attention of market observers is SHIB’s shifting sentiment. Data from the Fear & Greed Index now categorizes Shiba Inu under “Greed.” This is a promising development, as it indicates an improvement in SHIB’s profitability and investor sentiment. Increased greed within the market can effectively drive more capital into SHIB, which is essential for the token’s bid for a sustained recovery.
Furthermore, data from IntoTheBlock reveals that the number of Shiba Inu wallet addresses in loss has decreased to 76.86%, a substantial improvement from the more than 90% loss recorded earlier. This indicates a healthier market outlook and increased confidence among SHIB holders.
