Strategic Hub for Innovation in Blockchain (SHIB)

Pressure on $SHIB rises in tandem with a price, as some whales would rather take profits than accept more risks https://t.co/yH8gJyzkPE

Despite oversold conditions triggering tentative rebounds, the broader technical picture remains bearish as prices of $SHIB $​XRP and $​ADA continue to trade below key support levels and major moving averages https://t.co/Inio4eyJdr

One of the most asked about coins lately is again $SHIB.

For those asking "Is Shib over, or is a reversal coming?", a short note:

🐕 Daily transaction count on Shibarium increased by 100% in 4 days.

June 10: 1,300 transactions

June 13: 2,600 transactions

However, we have seen similar spikes a few times in recent weeks and they were not lasting.

Yes, network activity is picking up.

📉 The price is still below the long‑term downtrend.

It should be watched for now, but it is far too early to say the "trend has turned".

#SHIB