Shiba Inu: Preparing for a Major Market Shift!

Shiba Inu (SHIB) is gearing up for a potential market breakout, with profitability metrics and on-chain data pointing to exciting possibilities. Here’s what the latest data reveals about SHIB’s trajectory:

💹 Investor Profitability on the Rise

62% of SHIB holders are now "in the money," indicating strong profitability and growing investor confidence.

High profitability reduces selling pressure, stabilizing prices and supporting a bullish market outlook.

📊 Activity Surge in Key Addresses

74 trillion SHIB tokens could soon become active, potentially creating a pivotal market movement.

Increased activity often signals stronger market engagement and possible price shifts.

📈 Bullish Technical Signals

SHIB has broken above the $0.000026 barrier, signaling a bullish trend.

The next resistance level is $0.000030, and if this momentum continues, we could see even more ambitious price goals.

🛡️ Key Support Levels to Watch

The 200-day moving average at $0.000022 remains a crucial support level.

Failure to hold above this could lead SHIB back to a consolidation phase, reversing the current bullish narrative.

With over $1.03 billion in transactions this past week, the market is buzzing with activity. SHIB’s outlook remains bullish, but staying above critical support levels is essential to maintaining this momentum.

📌 What’s Next for SHIB?

Will it push through to higher levels or consolidate? The coming days will be key in defining its direction.

📢 Share your thoughts! Do you think SHIB will reach its next resistance level or face consolidation?

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