Is There More Upside to Come After Record 716 Billion Purchase

Based on technical analysis, it is observed that SHIB is nearing its initial resistance level at $0.00002966, with a secondary resistance level at $0.00003719. Conversely, the primary support level is noted at $0.00002158, while the secondary support level is at $0.00001829. Despite a recent uptick in price, the number of daily active addresses for SHIB has been consistent over the last couple of months. In contrast, sentiment analysis indicates a shift towards pessimism, indicating a cautious outlook in the overall market sentiment.