Shibarium's DEX Volume Surges by 1,517%: Is SHIB Price Next to Recover?

After weeks of near-zero activity on Shibarium, decentralized exchange (DEX) trading volume has suddenly surged. According to data from DeFiLlama shared by TheCryptoBasic, Shibarium's DEX trading volume increased by 1,517% in a single day, jumping from $17 on July 9 to $275 on July 10.

While the current numbers remain small compared to larger blockchain ecosystems, this sudden increase could be an early sign that the SHIB price is preparing for a stronger move. The SHIB price chart also shows signs of stabilization after months of weakness, with recent price action breaking above a long downtrend and moving sideways.

The next resistance level sits around $0.00000456, followed by another major challenge near $0.0000055. A successful breakout could allow Shiba Inu to revisit the February and May highs near $0.0000067.