{"id":574543,"date":"2024-02-11T22:30:31","date_gmt":"2024-02-11T22:30:31","guid":{"rendered":"https:\/\/uniquehot.com\/?p=574543"},"modified":"2024-06-12T09:17:57","modified_gmt":"2024-06-12T09:17:57","slug":"shiba-inu-on-cusp-of-lunar-launch-as-1-3-trillion-shib-barrier-on-crosshair","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-on-cusp-of-lunar-launch-as-1-3-trillion-shib-barrier-on-crosshair\/","title":{"rendered":"Shiba Inu On Cusp Of Lunar Launch As 1.3 Trillion SHIB Barrier On Crosshair"},"content":{"rendered":"

Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is wagging its tail with anticipation as it approaches a critical juncture. The meme coin, known for its massive community and playful branding, is on the cusp of breaking through a key resistance level, potentially unleashing a new wave of bullish momentum.<\/p>\n

Related Reading: BONK Stays Alive In Top 100 List With 25% Single-Day Rally \u2013 Details<\/a><\/div>\n

Shiba Inu Hovering Around Profitability Cluster<\/strong><\/h2>\n

Currently, SHIB<\/a> is hovering around the $0.00001 mark, a price point that represents more than just a number. It serves as a crucial “profitability cluster,” where a staggering 1.3 trillion SHIB tokens reside \u2013 tokens bought by early investors. This cluster has long been a battleground, with sellers looking to cash out and buyers aiming to push the price higher.<\/p>\n

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Source: IntoTheBlock<\/pre>\n
But the tide seems to be turning. Analysts are pointing to a gradual decline in the number of tokens within the profitability cluster, indicating that selling pressure is easing. This, coupled with the shrinking size of the cluster itself, is creating a more fertile ground for SHIB to flourish.<\/p>\n
The potential breakout above $0.00001 is not just technical, it’s psychological. Overcoming this hurdle would signal to the market that SHIB has the strength to move beyond its meme coin status and establish itself as a serious player.<\/p>\n
SHIBUSD currently trading at $0.00000950 on the daily chart: TradingView.com<\/a><\/pre>\n
And the numbers seem to agree. Data from IntoTheBlock reveals a remarkable surge in large-holder inflow<\/a>, with whales accumulating a staggering 2.31 trillion SHIB in just two days. This signifies heightened interest and involvement from major players, potentially fueling the rally.<\/p>\n
\"\"\r\n\r\nSHIB seven-day price action. Source: Coingecko<\/a><\/pre>\n
SHIB Whale Influx: Bullish Momentum Builds<\/strong><\/h2>\n
The sudden influx of large-holder buying is a strong bullish indicator, and suggests that whales see value in SHIB and are positioning themselves for potential gains.<\/p>\n
But is this all hype, or is there substance behind the wag? While SHIB’s future remains uncertain, several factors are bolstering its case:<\/p>\n