Shiba Inu's plunge in trading volume can be surprisingly beneficial
has recently experienced an unexpected drop in both price and trading volume. While this may seem like a negative development at first glance, a closer analysis reveals that this drop might actually be a saving grace for the digital asset. Here's why.
As of the latest data, SHIB's price has seen a decline, moving away from its recent highs. The price drop has been accompanied by a decrease in trading volume, which is often considered a bearish signal. However, this reduction in trading volume might have a silver lining.In a typical uptrend, a drop in trading volume can be a warning sign. It may indicate a lack of interest or confidence in the asset, leading to reduced buying pressure.
Here's the thesis: the reduction in trading volume means that there is less liquidity on the market. While this can be detrimental during an uptrend, it can turn positive if there is a sudden surge of buying power on the network.
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