Binance Leads Shiba Inu’s Volume Surge
Recent data shows that Binance, the leading cryptocurrency platform, has become the top exchange for trading Shiba Inu. The volume of Shiba Inu being traded on Binance has doubled in the past 24 hours, indicating a bullish trend for the digital asset.
Significant Volume Increase
In the last day, SHIB’s trading volume reached $37,739,036, marking a rise of over 21%. Currently, the 24-hour trading volume for Shiba Inu stands at $40,539,374. Binance’s spot trading volume has contributed to this surge with an overnight increase of over 11%, valued at $173,262,859.
Growth on Coinbase
Shiba Inu has also experienced a notable increase in its 24-hour trading volume on Coinbase, the largest cryptocurrency exchange in the US. The trading volume for SHIB on Coinbase is now over $12 million, reflecting a rise of over 6% in the past day.
TD Sequential Buy Signal
An important signal known as TD Sequential has recently flashed a ‘9’ buy signal on Shiba Inu’s weekly chart. This signal has historically led to significant price surges of 118% and 71%. As such signals are rare yet accurate, it is crucial to closely monitor SHIB’s price movement.
Anticipating a Bullish Trend
The last time TD Sequential indicated a ‘9’ buy signal for Shiba Inu was in September, resulting in a price increase of over 71% in the following nine weeks. With this signal reemerging now, it is likely that we will witness a bullish trend for SHIB.
Hot Take: Shiba Inu Sees Volume Surge on Binance and Coinbase
The trading volume of Shiba Inu has experienced a significant surge on both Binance and Coinbase, indicating growing interest in the digital asset. With Binance leading the way as the top exchange for SHIB trading, and the TD Sequential buy signal appearing on the weekly chart, it suggests a potentially favorable future for Shiba Inu’s price. Investors should closely monitor these developments as they may present opportunities for profitable trades.
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