Markets· ★★· bearish·

Shiba Inu network activity jumps 216%, 1.6B SHIB added

  • —SHIB onchain activity rose 216%, with 1.6 billion tokens added
  • —SHIB trades around $0.00000485 after a pullback from $0.00000520–0.00000530
  • —The price fell below the moving averages of $0.00000500–0.00000515, with RSI below 50
  • —Key support is $0.00000480, followed by $0.00000460–0.00000440
Why it matters: A spike in onchain activity without buying growth does not change the weak technical picture: if $0.00000480 is lost, a move toward July lows is possible.
#SHIB
Source: U.Today
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