Shiba Inu's SHIB Sees 100.54 Trillion Tokens Profitable, Gains 1.42%

Shiba Inu’s SHIB has achieved a significant milestone, with over 100 trillion tokens now profitable, equating to approximately $1.16 billion in gains. This rebound follows a period of decline that deterred many small investors. However, the recent surge in profitability indicates renewed investor confidence, particularly among large holders or "whales."

According to data, over 100.54 trillion SHIB tokens are currently "in the money," meaning early buyers are now sitting on gains. This figure had dropped below 100 trillion during a recent crypto sell-off, but SHIB has since made a steady climb from a low of $0.00001106 over three consecutive days. Despite a 1.42% drop early Monday, the market sentiment appears more optimistic than panicked, suggesting a potential breather rather than a reversal.

Technical analysis supports this shift in sentiment. SHIB formed an "inside-week" candle, which typically signals exhaustion in a downtrend. Additionally, trading volume picked up on June 29 as SHIB broke out of its consolidation phase. If SHIB can break above its 50-day and 200-day moving averages, currently near $0.000013 and $0.0000156 respectively, it could pave the way for a significant upward movement, potentially reaching $0.00002. This level is crucial as it could mark a shift in overall market sentiment towards SHIB.

Currently, SHIB finds strong support near $0.00001, a level that acted as a safety net during the June 22 pullback. Buyers stepped in to cushion the fall and push prices back up, demonstrating continued belief in the token. While retail traders may be slower to react, whales often move first, and if accumulation continues, momentum is likely to follow. Shiba Inu is not just riding on hype; technical signals now align with investor behavior, creating a potential catalyst for sharp upward moves.

However, a clean breakout is not guaranteed. Resistance levels remain, and broader market conditions will play a role. If SHIB can clear key levels, the next rally could surprise even longtime holders. The token has regained its footing at the 100 trillion mark, with volume and chart signals hinting at building momentum. A break above major averages could ignite a fresh rally, suggesting that the bulls may be warming up.