Binance recently raised 153 billion Shiba Inu activated his token. This raised an important question. Could these moves finally lead to a surge in volatility?
There are several possible explanations for this large movement. First, exchanges regularly rebalance their wallets to ensure liquidity and maintain operational efficiency.
Binance Exchanges such as can optimize transaction times and costs for their users by transferring tokens between their wallets. Secondly, it is possible that these moves are part of the following objectives.
The SHIB price chart presents a scenario that requires the attention of technical analysts. After a period of volatility, SHIB appears to be testing a support level with price action embracing the lower bounds of the descending channel formation.
Koinfinans.com As we reported, the Relative Strength Index (RSI) is in a neutral zone. This shows that there is no sudden overbought or oversold situation. Additionally, the moving averages are converging together, which could indicate a potential shift in momentum. For bullish investors, a bounce off the support level with increased volume could signal a revival in buying pressure.