$SHIB

Shiba Inu Reclaims 100 Trillion ‘In the Money’ Tokens — Is a Breakout Brewing?

Shiba Inu (SHIB) just crossed a major psychological milestone — with over 100.54 trillion tokens now "in the money", signaling renewed investor optimism. This means these tokens were bought at a lower price and are currently in profit, worth around $1.16 billion at current prices, per IntoTheBlock data.

This recovery comes after SHIB briefly dipped below the 100 trillion mark during last week’s sell-off. Whale activity also slowed down during that period, with large-holder inflows shrinking amid broader market volatility.

But momentum appears to be shifting.

SHIB rallied over the weekend from a low of $0.00001106, gaining for three days straight before a minor pullback. As of now, SHIB trades at $0.00001142, down just 1.42% in the past 24 hours — mirroring the broader market dip.

Technically, SHIB printed an "inside-week" candle, hinting at a potential reversal. On June 29, it even broke out of consolidation on high volume — a bullish sign.

What’s Next?

If SHIB can clear resistance at the 50 and 200-day moving averages — around $0.000013 and $0.0000156, respectively — it could ignite a rally toward $0.00002. On the downside, support remains firm at $0.00001, which held strong during the June 22 dip.

Accumulation appears to be underway again. Watch for volume spikes and trendline breaks — SHIB might just be warming up.

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