Breaking Crypto News | SHIB Trading Volume Jumps 128% as Price Nears Buying Support

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Dec 17

SHIB Trading Volume Jumps 128% as Price Nears Buying Support
Click link : https://u.today/shib-trading-volume-jumps-128-as-price-nears-buying-support to read the original text on U.Today ( News, Price Analysis, Trading Guide, Crypto )
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SHIB presently sustaining around $0.0000081 level
Shiba Inu (SHIB) trading volume has increased by more than 128%, according to CoinMarketCap data. At the time of writing, 20.1 trillion (20,156,983,487,493) SHIB, or $164,114,453 worth, has been swapped in the last 24 hours as the crypto market sell-off intensified.
Increased volatility often leads to higher trading volumes as seasoned traders purchase and sell huge quantities to maximize profits.
Similarly, the increase in SHIB volume might be due to investors buying the dip as its price fell to near six-month lows. Traders are presumably scrambling to capitalize on the opportunity given by the recent dip to buy at a discount.
Some commentators, however, believe that the total number of units moved between buyers and sellers, or trading volume, might be an unreliable indication of investor strategy. SHIB reaches buying support Shiba Inu touched on the important $0.0000080 support on Dec. 16 as its price fell for the third consecutive day.
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