Over 1 trillion SHIB has left centralized exchanges, with investors opting to hold tokens in private wallets rather than keeping them readily available for selling. Daily trading volume surged to nearly 2 trillion tokens, pushing the price above the 26-day and 50-day moving averages and momentarily contesting the 100-day EMA near $0.0000050. The horizontal resistance between $0.0000054 and $0.0000055 remains the next major obstacle, with the support level at $0.0000048 now becoming the former resistance. On-chain activity and transaction counts have increased, suggesting renewed investor engagement following weeks of persistent weakness.
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