welcome
CoinGape

CoinGape

Business

Business & Economics

Shiba Inu Price Jumps 4% as Transaction Volumes Hit Multi-Month Highs - Is $0.000045 Next?

CoinGape
Summary
Nutrition label

72% Informative

Shiba Inu ( SHIB ) is gaining today, June 7 , as weekend volatility favors bulls.

The ongoing rally may continue after transaction volumes soared to multi-month highs.

A double-bottom pattern on the weekly chart hints at a possible surge to $ 0.000045 .

The surge in transaction volumes signals potential capitulation and could give room for the SHIB price to bounce.

VR Score

59

Informative language

49

Neutral language

69

Article tone

formal

Language

English

Language complexity

35

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links