Shiba Inu Price Skyrockets! Trillions of SHIB Reach Break Even Point
The Shiba Inu (SHIB) community is buzzing as the price experiences a significant surge, bringing relief to countless holders. After weeks of price declines, is SHIB finally turning the corner?
Recent data suggests a bullish trend, with trillions of SHIB tokens now in profitable territory. Over the past week, the price of SHIB has surged by an impressive 12.4%, propelling 18.58 trillion SHIB tokens into profitable territory. Notably, this surge represents a much-needed boost for investors.
Shiba Inu Rebounds: What's Driving the Price?
Hace 2 días, SHIB/USDT showed a bearish flag pattern on the 1-week chart. Source: TradingView/Binance. The month-long price decline has pushed a retest of the pattern’s lower support, a key level. However, despite these initial bearish signals, Shiba Inu has shown resilience.
Hace 2 días, Shiba Inu rebounded from an intraday low with strong volume support. SHIB reached a local peak of 0. at before declining to 0. breaking through the . Since the last week's dip, the price of SHIB has experienced an impressive 34% surge, propelling 18.58 trillion SHIB tokens into profitable territory.
Critical Price Point Approaching: 607 Trillion SHIB in Profit?
Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is nearing a critical price point that could put an astonishing 607 trillion SHIB tokens in profit. This potential milestone is creating significant excitement within the SHIB community.
Shiba Inu Price Could Rise as Holders Reach 1.5 Million
On-chain data show that the number of Shiba Inu coin holders has continued rising even as the coin crashed. This suggests strong community support and long-term belief in the project. Could this growing holder base contribute to further price appreciation?
What's Next for SHIB?
While recent gains are encouraging, it's important to remember that the cryptocurrency market is volatile. Continue to monitor the price action, volume, and overall market sentiment to make informed decisions. Keep an eye on key resistance levels and potential retracements. The Shiba Inu journey is far from over!