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Crypto

Shiba Inu volume Gains momentum


Recent data revealed the crypto exchange with the highest trading volume Shiba Inu, indicating an upward trajectory for the digital asset as volume continues to increase in the crypto exchange. The crypto exchange that has propelled Shiba Inu’s growth in recent times is the leading cryptocurrency platform, Binance.

Shiba Inu volume doubles on Binance

According to CoinMarketCap, Binance is the leading crypto exchange for the Shiba Inu market. The total volume of Shiba Inu Trading on the crypto exchange has since seen double-digit growth over the past 24 hours, presenting a bullish trend for the digital asset.

Shiba Inu’s increased volume on the largest crypto exchange highlights the token’s appeal and hints at a possible future growth spurt.

SHIB recorded a significant volume of $37,739,036 in the last 24 hours, indicating a volume increase of over 21% in less than a day. But at the time of writing, the digital asset’s 24-hour trading volume is set at $40,539,374.

The cryptocurrency exchange’s spot trading volume primarily reinforces this increase in volume, with an overnight increase of over 11%, valued at $173,262,859.

The digital asset also saw a significant increase in its 24-hour trading volume. Coinbase – the largest cryptocurrency exchange in the United States. Shiba Inu trading volume on the exchange is currently estimated at over $12 million, indicating an increase of over 6% in the last 24 hours.

Shiba Inu
Shiba Inu is trading at $0.0000079 | Source: SHIBUSDT on Tradingview.com

Currently, Shiba Inu’s market cap is valued at $4.66 billion, with a current SHIB price of $0.0000079 at the time of writing.

The amount traded in one day is $147.82 million. The digital asset has a circulating supply of approximately 589 billion and is up +1.72% in the last 24 hours.

So far, the digital asset is growing at a rate of 3.62%, continuing its upward trend. Over the past week, Shiba Inu has attracted interest from traders and investors.

Rare signal triggers price increase for SHIB

Following an uptrend in the TD sequence over the past week, the indicator has presented an upward trajectory for the Shiba Inu price.

According to Ali Martinez, the TD Sequential triggered a rare “9” buy signal on the Shiba Inu weekly chart; this signal presents a significant growth price for SHIB due to the rarity of the particular signal.

“The TD Sequential issued a buy signal on [the] SHIB weekly chart. Notably, the previous two bullish turns in this indicator resulted in price increases of 118% and 71%, respectively. Given the rarity but precision of such signals, this is a crucial time to keep a close eye on SHIB,” Martinez said. declared.

The last time TD Sequential indicated a “9” buy signal for Shiba Inu was in September; the price of the token increased by over 71% over the next nine weeks. With the emergence of the signal, we will likely see an uptrend.

Featured image from CryptoGlobe, chart from Tradingview.com





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