Despite Price Reversal Indicators, SHIB Bulls Hold Throne

• Technical indications hint that bullish dominance may be coming to an end.
• SHIB has support and resistance levels of $0.00001111 and $0.00001192, respectively.
• The ETH whales free SHIB from the bears’ clutches.

The Shiba Inu (SHIB) market has regained bullish dominance, with prices rising by 2.39% to $0.00001155 as of press time. This increase has been attributed to a recent WhaleStats alert, which revealed that SHIB was the most traded token among top ETH whales in the previous 24 hours.

The increased market capitalization of the SHIB market by 1.90% to $6,354,398,533 supports the positive mood that has been spreading in recent days. However, with the 24-hour trading volume falling by 10.31% to $273,046,184, it shows that the market is still cautious about investing large sums of cash in the SHIB market. This might be attributed to a lack of faith in the SHIB market as a result of its volatility and abrupt price swings.