The price of Shiba Inu has been trading in a narrow consolidation range for four years with strong resistance at $0.000037.
However, the accumulation of 530 trillion by whales suggests that SHIB may break this consolidation range and aim for $0.00025.
The increasing burn rate and the declining supply of SHIB on exchanges also suggest an imminent supply restriction that may precede a bullish breakout.
The price of Shiba Inu (SHIB) anticipates a breakout after a 4-year consolidation phase, driven by the accumulation of 530 trillion tokens by whales and an 11,000 % increase in the SHIB burn rate. At $0.000015, SHIB has risen 2 % today, but data suggests that this could be the beginning of a significant rally, especially if the Bitcoin surge cools down.
