Shiba Inu $SHIB has recently seen a notably strong bounce, especially when looking at the In/Out of the Money indicator.

This indicator is an important tool for investors to determine how many tokens are profitable at any given price point, providing important context for understanding the state and mood of the market.

Recent data indicates a significant reversal in the percentage of profitable Shiba Inu tokens, indicating a change in momentum. Around 56% of $SHIB holders are currently in profit according to the current analysis, while only 42% of holders are in loss. As a result of this shift in market fortunes, Shiba Inu may be entering a more bullish phase. This trend is important because it boosts investor confidence and encourages increased market participation.

A surge in large transaction volumes (over $100,000) has been observed, indicating that large investors or institutions are beginning to show greater interest. This is often seen as a sign of further price action.

Although the Shiba Inu price has already seen a significant increase, these on-chain indicators suggest that the rally may not be over yet. $SHIB could reach new all-time highs in the coming weeks as a result of increased volume transactions, more holders making profits, and increased market confidence. #Binance #MemeWatch2024 #SHIB، #Shibarium