Friday, December 30, 2022

Shiba Inu Price Prediction as SHIB Sees $100,000,000 Trading Volume Come In – Pump Incoming?

Shiba Inu ecosystem, was last trading around the $0.000009 level and within recent ranges on Friday, with cryptocurrency markets in wait-and-see mode ahead of the release of key US jobs data. The SHIB token is about 13% up versus the multi-month lows it printed just above $0.000008 in late November, having been bolstered by a broad recovery in the cryptocurrency market, though sentiment remains fragile in the wake of last month’s abrupt collapse of the FTX exchange. SHIB has seen trading volume across major cryptocurrency exchanges of over $125 million in the past 24 hours. That’s impressive, but, according to TradingView data sourced from Coinbase, doesn’t represent much of a deviation from the volume profile that SHIB has seen in recent weeks. The lack of volume at the moment likely suggests that a pump in SHIB’s price isn’t coming anytime soon. Volume spikes typically happen at the same time as significant SHIB price movements, which often involve a quick pump followed by a sudden dump in prices.

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