200 Trillion Shiba Inu (SHIB) In Profit: This is Major Sign
Main Idea
Shiba Inu (SHIB) faces a critical threshold with 200 trillion tokens in circulation, impacting short-term market dynamics and potential price movements.
Key Points
1. Over 200 trillion SHIB tokens (approximately $3.09 billion) are currently in circulation, representing 20.78% of profits after a period of accumulation and losses.
2. SHIB recently crossed above its 200 EMA, but historical trends suggest potential rejection or support failure at this level.
3. A psychological ceiling exists between $0.000015 and $0.000016, which could halt upward movement unless trading volume increases significantly.
4. 75% of the holder base (two trillion SHIB) is waiting for better exit points, indicating potential selling pressure.
5. Support at $0.00001360 and holding above the 200 EMA could reignite momentum, but SHIB remains caught between breakout potential and a possible distribution wave.
Description
Shiba Inu saw some profitability surge, but 200 trillion threshold might not hold for long
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