Shiba Inu (SHIB) has bounced back in a big way, reclaiming a major on-chain milestone: 100 trillion tokens now “in the money.” This signals renewed investor confidence—but will it be enough to spark a sustained rally?
💰 100 Trillion SHIB Back in Profit
According to IntoTheBlock, over 100.54 trillion SHIB tokens are currently held at a profit, worth approximately $1.16 billion. This recovery follows a brief dip below the threshold during last week’s market turbulence, when whale activity slowed and large-holder inflows declined.
The return to this level suggests that accumulation may be resuming, especially as SHIB regains ground lost during the broader crypto pullback.
📈 Price Action Hints at Momentum Shift
SHIB climbed steadily over the weekend, rising from a low of $0.00001106 and forming an “inside-week” candle—a technical pattern that often signals a pause before a potential breakout. At the time of writing, SHIB trades around $0.00001142, down slightly in the last 24 hours but still up nearly 8% over the past week.
🔍 Key Levels to Watch
- Resistance: A breakout above the 50-day and 200-day moving averages—currently near $0.000013 and $0.0000156—could open the door to a move toward $0.00002.
- Support: The $0.00001 level has acted as a strong floor, halting the June 22 decline and providing a base for the recent rebound.
If SHIB can clear its moving average hurdles, bulls may gain the upper hand heading into July.
