Shib has recently shown signs of notable trading activity. The 30-minute trading volume experienced a surge, with a month-on-month increase of 135.4%. This sudden increase in volume typically indicates a significant rise in market participation.

As of the observation time, Shib is quoted around 0.008585 USDT. From a technical perspective, the 0.008606 level forms a key support, only 0.39% away from the current price, with the entire support zone locked between 0.008502 and 0.008657.

For traders looking to capitalize on this wave, positioning long near 0.008606 is a viable approach. Resistance is set at 0.008807, which can serve as an initial profit-taking point.

It is worth noting that a sharp increase in volume often signals the beginning of a trend. When large amounts of capital flow in, prices usually respond accordingly. The subsequent development requires continued close monitoring of this coin’s movements.