Shiba Inu (SHIB) may be poised for a significant rally if its price holds above a critical level. Breaking past the $0.000025 mark could trigger a bullish run, potentially pushing its value to $0.0000365—a 45% increase. Currently, most Binance traders remain optimistic, with 77.8% holding long positions.
Whales Accumulate 1.67 Trillion SHIB Tokens
After nearly 10 days of stagnation, positive signals are emerging. Whales and institutional investors have acquired 1.67 trillion SHIB tokens from exchanges, signaling confidence in the token's future growth. This massive outflow of SHIB from exchanges mirrors a similar event on November 7, which led to a 62% price surge.
Large Transactions Surge by 98%
In addition to these massive acquisitions, analytics platform IntoTheBlock has reported a 98% increase in large transaction volumes. This activity indicates strong buying support and is a key sign of a bullish trend.
SHIB Technical Analysis: Key Levels for Growth
Technical analysis highlights the formation of a bullish descending triangle on the four-hour chart. If SHIB closes a four-hour candle above $0.000025, it is highly likely to rally to $0.0000365.
Another positive factor is that SHIB is currently trading above its 200-day EMA (Exponential Moving Average), signaling a steady upward trend. Additionally, the Relative Strength Index (RSI) supports the possibility of further growth.
On-Chain Data Confirms Optimism
Beyond technical analysis, on-chain metrics further support SHIB’s bullish outlook. Open interest (OI) in SHIB has risen sharply, demonstrating increased trader interest. Over the last four hours, OI has grown by 4.95%, with an additional 2.15% increase in the past hour.
On Binance, the long/short ratio stands at 3.50, highlighting the dominance of bullish sentiment. Approximately 77.8% of traders are holding long positions, while only 22.2% are betting on price declines.
Current Status and Future Outlook
At the time of writing, SHIB is trading at $0.0000257, reflecting a 1.2% increase over the past 24 hours. Trading volume has risen by 10%, showing growing investor interest. The combination of technical analysis and on-chain metrics suggests that SHIB has the potential to continue its upward momentum if it maintains the current trajectory.
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