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SHIB consolidates supported by a $98.98 million daily trading volume, analysts suggest the market may be approaching a turning point
【Crypto World】Shiba Inu (SHIB) has been showing some interesting performance lately. After a previous decline, it is now stuck in a small range between $0.00000698 and $0.00000729, with the current quote around $0.0000072.
Trading activity is heating up — daily trading volume has increased by 20% week-over-week, reaching $98.98 million, which is quite good even during the holiday off-season. However, the overall market remains relatively cold, and many are still on the sidelines.
Interestingly, the analysis team at 10x Research recently spoke out, hinting that some forces might be brewing in the market, and a turning point could be near. What does this kind of statement usually imply? Everyone has their own understanding.
On the other hand, the official SHIB team and community operations haven’t been idle. They recently sent Christmas greetings, expressing gratitude for the project’s progress and confidence in the future. This attitude is quite reassuring — the team is not resting, and the community is active.
It's again brewing, and there's more strength. We said the same thing a month ago...
The 98.98 million trading volume looks good, but it still feels like retail investors are just cutting each other.
The team hasn't given up, which is good, at least better than some projects.
Let's wait and see; anyway, it won't fall much more.
98.98 million? Still like this during the holiday, someone is quietly buying.
As long as the SHIB team doesn't lie flat, at least it's better than some projects.
Range-bound oscillation is just a shakeout, let's wait and see, everyone.
Another 10x "hint," I wonder if they are hinting every day.
Official Christmas wishes... forget it, looking at the K-line is more reliable.
This price is locked in, a breakout is the real story.
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Trading volume increased by 20% but only reached 99 million. Where's the earth-shattering change promised?
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The team not lying down is good news? Then I should have become wealthy long ago haha
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Been stuck in this price range for a long time, feeling like a trapped zombie
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Whenever 10x research speaks out, I want to cut the leeks, same old trick
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Can Christmas blessings increase prices? Or should we try whether New Year’s Eve blessings can double?
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90 million daily trading volume, what are you pretending to be a big player for?
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Another hint of a turning point, just say it if it’s really coming, all this fake stuff
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Is there still someone buying shib? I’ve already turned to invest in defi
The team is still working hard and hasn't laid back; at least they have the right attitude, much better than some coins, haha.
Whether the turning point comes or not, let's not guess blindly. I'm only concerned about when I can break even.
Repeated fluctuations within a small range really test your mentality.
Listening to those 10x guys bragging is not as good as checking how many zeros are left in your wallet.
As for the turning point... analysts' words, just fooling around.
I trust the team, but with the coin price stuck like this... I always feel something's missing.
Wait, is SHIB planning to launch something new?
If it can't break 0.0000073, it's just going to be oscillation.
It's been a year of both brewing and having strength, haha
The trading volume increases by 20% and everyone gets excited, come on, if there were real moves, it would have taken off long ago
The team sends Christmas wishes, definitely better than some projects, but let's wait and see
SHIB's small range is really boring, when will it break out?
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The team sending Christmas wishes = the team hasn't given up, this logic is also brilliant, should have had this realization long ago.
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98.98 million yen trading volume sounds impressive, but I don't know who is really moving the buy and sell orders.
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Just because it's stuck in a small range, you call it consolidation? After such a long sideways movement, a direction will be chosen sooner or later, but who the heck knows which direction to pick?
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It's "market brewing" and "imminent turning point" again. I've heard these words for two months, and it still drops...
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I just want to know, who is really buying at 0.0000072? Do you all really believe in this price?
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Even during the holiday off-season, trading volume is still there, indicating some people haven't given up on SHIB. But is this enough to predict the next trend?