has once again come in the limelight with its massive price hike. Though this was benefiting investors, but will this trend continue?The world’s second-largest memecoin surprised investors in the recent past with its double-digit price growth.
However, signs of trouble brewed. While the token’s price rallied in double digits, its trading volume plummeted sharply. Its Weighted Sentiment also declined in the last few days, signaling a rise in bearish sentiment. Nonetheless, its Social Volume spiked, which can further contribute to its bull rally.Coinglass’ data revealed that Shiba Inu’s Open Interest shot up substantially. While a rise in OI often suggests the ongoing price trend continuing, things on this occasion were different.
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