Concerns Over Potential Bull-Trap as SHIB Surges 30%
Examining Shiba Inu's Price Dynamics and Market Sentiment The cryptocurrency world is never short of excitement and unexpected turns, and the journey of Shiba Inu's price along with its trading volume in early July 2024 serves as a perfect illustration On July 7, the trading volume for Shiba Inu clocked in at an impressive $36 46 million However, the narrative took a sharp turn as prices surged, suggesting an increasing sense of caution among traders, potentially wary of stepping into what's known as a bull trap The Dilemma of Decreasing Trading Volumes The significance of trading volume as an indicator cannot be overstated in the volatile cryptocurrency market...
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