The Shiba Inu (SHIB) price has seen a sharp decline, with the average transaction size dropping by 50% in the last two weeks. This points to a possible change in investor sentiment towards Shiba Inu. The decrease in transaction size might indicate a slowdown from the recent surge in buying, perhaps signaling a wider market reassessment.
Adding to the cautious stance, SHIB’s technical indicators, such as an overbought RSI and bearish EMAs, suggest upcoming corrections. These factors suggest SHIB could be heading into a difficult period, raising questions about its ability to continue the bullish momentum it has shown recently.
Average Transaction Size Is Declining
Analyzing SHIB’s Average Transaction Size for the past month will print an interesting scenario. From February 21 to March 6, it grew from $10,139 to $42,491. That represents a 319.08% growth in roughly two weeks. In that same period, SHIB’s price grew from $0.000009 to $0.000034, a 277.78% growth. As we can see, during the recent bull run, these metrics appear to be correlated.
Then, the average transaction size grew more, and then it started to fall heavily. From $49,816 on March 11 to $22,824 on March 21, a -54.18% drop. In that same period, SHIB pri
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Author: Tiago Amaral
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