Shiba Inu Price 2.5X Breakout Could Unlock $3.45B in Profits

Shiba Inu price is on the verge of breaking above a key bullish reversal pattern after the market momentum increased due to Bitcoin rallying to a new all-time high. If this breakout happens, SHIB investors currently at and outside the money could be looking at $3.45 billion in profits. Will the price of SHIB rise by 150% and rescue this liquidity that is currently dead in the water? SHIB price is currently trading at $0.00001921, dangerously close to the stubborn multi-month resistance. This price represents a 2% increase in the last 24 hours and a 9.5% rise in the last 7 days. Bitcoin is up 1.6% and trading around $76,125, pulling up the crypto market by 0.2% to $2.685 trillion. Can Shiba Inu capitalize on Bitcoin’s momentum to break the overhead resistance?

$3.45B To Be Rescued After This Shiba Inu Price Breakout

Data from IntoTheBlock (ITB) shows that currently, 44% of Shiba Inu investors are either at the money (2%) or out of the money (42%). This number, however, is about to drastically drop since SHIB technical analysis shows an breakout is imminent. The price breakout is anticipated to sent SHIB price above $0.000045, which constitutes a 149% increase.

Currently, ITB data shows there is 182.65 trillion ($3.45 billion) SHIB wallowing underwater between $0.000019 and $0.000051. A 149% breakout could boost this dead liquidity into profit, shifting the overall SHIB tokens in profit from 78.42% to over 96%.