Will Whale Activity Push Shiba Inu to a 37% Breakout?
2025-06-30 12:22:41
Main Idea
Shiba Inu (SHIB) shows potential for a 37% breakout despite facing strong resistance at $0.00001190, with notable whale activity and mixed signals from trading volume, token burns, and staking.
Key Points
1. Shiba Inu faces strong resistance at $0.00001190 despite a 79% surge in trading volume.
2. Token burn rate stalled with a 100% drop in the past 24 hours, but 4.7 trillion SHIB remain locked in staking.
3. SHIB futures open interest dipped 2.93%, with Binance holding the dominant share at $41 million.
4. Intermediate resistance is noted between $0.00001175 and $0.00001180, with solid support at $0.00001115.
5. The volume-to-market-cap ratio stands at 1.78%, indicating healthy activity but not yet signaling a breakout.
Description
Shiba Inu faces strong resistance at $0.00001190 despite 79% surge in trading volume Token burn stalls with 100% drop, but 4.7T SHIB remain locked in staking SHIB futures open interest dips 2.93%, with Binance holding dominant share Shiba Inu (SHIB) has recently shown intriguing price behavior that has caught the attention of traders and crypto enthusiasts. Despite a minor daily dip of 0.40%, investor interest remains elevated. The spotlight now turns to a potential breakout fueled by heightened...
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