Sheer volume of transacted Shiba Inu is respectable, but what does it really mean?
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If the 200-day MA is still below the price, it may be a sign of bullish sentiment, but if it falls, it may hint at more declines in the foreseeable future. An intriguing picture is also painted by the data on big transactions. The volume and number of large transactions increased sharply, peaking on June 5 at 161 trillion SHIB and 731 transactions. According to this, major players may be positioning themselves for an upcoming volatility increase.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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