Shiba

Momentum

Shiba Inu

Trillion

Lunar

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. 
<h2 data-sourcepos="3:1-3:315" id="strong-shiba-inu-hovering-around-profitability-cluster-strong">Shiba Inu Hovering Around Profitability Cluster</h2> 
Currently, <a href="https://www.coingecko.com/" target="_blank" rel="noopener nofollow">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 – 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. 
<img loading="lazy" decoding="async" class="aligncenter wp-image-574545 size-large" src="https://www.newsbtc.com/wp-content/uploads/2024/02/a_963f81.png?w=860&amp;resize=860%2C362" alt="" width="860" height="362" srcset="https://www.newsbtc.com/wp-content/uploads/2024/02/a_963f81.png?w=1121 1121w, https://www.newsbtc.com/wp-content/uploads/2024/02/a_963f81.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/02/a_963f81.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/02/a_963f81.png?w=860&amp;resize=860%2C362 860w, https://www.newsbtc.com/wp-content/uploads/2024/02/a_963f81.png?w=750 750w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
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. 
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. 
And the numbers seem to agree. Data from IntoTheBlock reveals a remarkable<a href="https://app.intotheblock.com/register" target="_blank" rel="noopener nofollow"> 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. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-574547" src="https://www.newsbtc.com/wp-content/uploads/2024/02/a_f96ecb.png?resize=641%2C429" alt="" width="641" height="429" srcset="https://www.newsbtc.com/wp-content/uploads/2024/02/a_f96ecb.png?resize=641%2C429?w=641 641w, https://www.newsbtc.com/wp-content/uploads/2024/02/a_f96ecb.png?resize=641%2C429?w=460 460w" sizes="(max-width: 641px) 100vw, 641px" data-recalc-dims="1"> SHIB seven-day price action. Source: <a href="https://www.coingecko.com/en/coins/shiba-inu" target="_blank" rel="noopener nofollow">Coingecko</a> 
<h2 data-sourcepos="13:1-13:182" id="strong-shib-whale-influx-bullish-momentum-builds-strong">SHIB Whale Influx: Bullish Momentum Builds</h2> 
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. 
But is this all hype, or is there substance behind the wag? While SHIB’s future remains uncertain, several factors are bolstering its case: 
<ul data-sourcepos="17:1-20:0"> 
 <li data-sourcepos="17:1-17:169">Community Strength:&nbsp;SHIB boasts a passionate and vocal community,&nbsp;often credited with driving its price rallies through sheer enthusiasm and social media presence.</li> 
 <li data-sourcepos="18:1-18:156">Exchange Listings:&nbsp;The meme coin has secured listings on major exchanges like Kraken and Coinbase,&nbsp;increasing its accessibility and mainstream appeal.</li> 
 <li data-sourcepos="19:1-20:0">ShibaSwap Ecosystem:&nbsp;The SHIB team is actively developing its own decentralized exchange (ShibaSwap) and other projects,&nbsp;potentially adding utility and long-term value.</li> 
</ul> 
The targeted breakthrough of the 1.3 trillion SHIB barrier has become the focal point of attention, symbolizing a pivotal moment for this meme coin. With the recent surge in large-holder inflow and the potential technical breakout above key resistance levels, Shiba Inu appears poised for a significant leap forward. 
Featured image from Adobe Stock, chart from TradingView

Shiba Inu On Cusp Of Lunar Launch As 1.3 Trillion SHIB Barrier On Crosshair

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