Shiba Inu’s on-chain activity surged by approximately 42%, a rise that might initially suggest a resurgence in SHIB demand. However, this increase does not constitute a standalone bullish signal: SHIB is currently trading around $0.00000521 and faces major resistance between $0.0000056 and $0.0000057, where the long-term moving average remains descending. The daily RSI is holding in a neutral zone around 50, and trading volume has significantly declined compared to the spikes seen in July and August. A bullish confirmation would require a sustained breakout above the resistance zone with increased volume and momentum.
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