Over Half Quadrillion SHIB in Play: What Happens Next?

Key Points

1. Shiba Inu's price rose from $0.00001275 on July 15 to $0.00001579, marking a 32% monthly increase, its largest rally since February.

2. Trading volume increased by 30.31% in the last 24 hours, reaching $693.49 million, with the market cap approaching $9 billion.

3. A critical price range of $0.000015 to $0.000019 holds 502.7 trillion SHIB, which could act as a launchpad for further gains if bullish momentum continues.

4. If SHIB reaches $0.000024, it could see a 60% increase, but the RSI indicates overbought conditions, suggesting potential price volatility.

5. Support is emerging at $0.000014 to $0.000015, where 14.45 trillion SHIB are held by 31,890 addresses, providing a potential buffer against price drops.