Is There More Upside After 716 Billion Purchase

Technical analysis shows that SHIB is getting close to its initial resistance level of $0.00002966, with a secondary resistance level at $0.00003719. On the flip side, the primary support level is seen at $0.00002158, followed by a secondary support level at $0.00001829. Despite the recent price surge, the number of daily active addresses for SHIB has stayed fairly consistent over the last two months. In the meantime, sentiment analysis indicates a shift towards negativity, hinting at a cautious overall market sentiment.