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64 billion Shiba Inu tokens moved in 24 hours, signaling potential price volatility ahead.

Technical Signals
12 Jun 2026
UToday
View Source
Neutral
pluang ai news

Over 64 billion Shiba Inu (SHIB) tokens were transferred across exchanges within 24 hours, indicating heightened market activity. This surge comes as SHIB faces technical weakness, trading below key support and moving averages, suggesting a bearish trend. However, the Relative Strength Index nearing oversold levels hints at possible relief rallies. The critical price zone to watch is $0.00001100-$0.00001150, which could signal a recovery if reclaimed. Investors should remain cautious as the next few sessions will clarify if this activity leads to accumulation or further decline.

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