Shiba Inu holders surpass 1.5M, signaling growing trust and adoption.
Technical indicators suggest rising bullish momentum for SHIB.
Key resistance levels may trigger a potential SHIB price rally.
Shiba Inu has caught fire again. While the price chart looks shaky, the community grows stronger. Over 1.5 million wallets now hold SHIB tokens. That is not just a number. It signals rising belief among investors. The army of SHIB supporters keeps expanding, even as the market whispers doubts. Could this wave of optimism fuel the next big price move? Let’s dive into what’s happening with Shiba Inu right now.
https://twitter.com/Etherscan_SHIB/status/1931376015882002598?t=_FErbIgVJAIrRC6Pa7hjeA&s=19 Growing Holders and Rising Optimism Paint a Bullish Picture
The marketing lead of Shiba Inu, Lucie, recently shared striking data. Over 1,511,101 wallets now hold SHIB. That figure equals 0.011% of the global population. Her message rang loud: “The army is growing, the mission is alive.” This surge in wallet numbers signals strong trust and growing real-world use cases. More wallets mean more long-term believers. It is not a speculative crowd jumping ship at the first dip. The foundation looks stronger than ever.
Despite a sluggish price recently, the technical outlook holds promise. The Simple Moving Average (SMA) hugs the current price action. Analysts often watch for a positive crossover here. If it happens, it could trigger a fresh rally. The Relative Strength Index (RSI) adds another hopeful signal. After dipping into the oversold zone, the RSI staged a bullish reversal. It now trends toward neutral territory with an upward tilt. Currently sitting at 42.17, it suggests improving momentum.
Can Shiba Inu Break Through Key Resistance Levels?
Investors often view this kind of RSI move as a green light. When paired with growing wallet counts, the stage may be set for a shift in sentiment. Technical levels tell their own story. The immediate resistance zones rest at $0.00001340 and $0.00001975. If SHIB bulls can clear these hurdles, the price could retest the February high of $0.00002250.
But why stop there? Market sentiment and fresh adoption could push SHIB toward the ambitious $0.00002575 target. The recent growth in wallet numbers suggests increasing confidence that could fuel buying pressure. Still, risks remain. The crucial support level lies at $0.00001065.
If bearish forces return, this level may face a test. Holding this support would help preserve the bullish structure. Right now, SHIB’s path feels like a coiled spring. The price action appears calm on the surface. Yet beneath lies swelling community trust and technical hints of a breakout.
