Quoted from Account X @ShibainuCoin, that Shiba Inu is ready to reverse the Bearish Trend as whale prices and analysts become very Bullish.
Is the SHIB breakthrough finally here? All signs point to YES. 🐶 💥
Shiba Inu Coin ($SHIB), the beloved meme coin now turned ecosystem token, has emerged as one of the standout players in the ongoing crypto market revival. Although the overall price movement may not yet show signs of peaking, behind the scenes, momentum is being built — and rapidly.
"No One is Selling SHIB" — Analysts Trigger Bullish Frenzy
The bold statement from prominent market analyst, Cantonese Cat, has sparked enthusiasm in the SHIB Army. According to him, selling pressure is beginning to ease, and pessimists are holding difficult positions. With minimal resistance visible, even a small push from buyers could trigger significant upward movement.
"No one is selling SHIB. Just need a little push." — Cantonese Cat on X (Twitter)
From Struggle to Strength: SHIB's Downtrend Over the Past Year May Be Coming to an End.
Since March 2024, Shiba Inu has experienced a sharp decline of 77%, falling from $0.000045 to a low of $0.00001004. Bullish investors have tried to regain momentum several times, but bearish pressure has stifled every rally.
The trend now seems to be starting to reverse.
On July 10, a major movement from SHIB investors sent shockwaves throughout the community. Wallets holding more than 0.1% of the total SHIB supply accumulated 1.81 trillion tokens, marking:
📈 Increase of +422% from the previous day
📈 +1.247% surge compared to last month
This accumulation paired with SHIB finally breaking through the key resistance level of $0.000013 — a level not seen since mid-June.
Despite 1.28 trillion SHIB flowing out of large wallets on the same day, the net inflow remains positive, indicating that smart money is positioned for further gains.
Current Status: Holding Profits, Ready for More Gains
As this article is being written, SHIB is trading at $0.00001375, up 4.6% today and 17% over the last week. Its price is now at a monthly high, triggering bullish expectations that the real SHIB rally has just begun.
However, according to analysts, this is still just a warm-up.
🧠 Price Prediction: How High Can SHIB Rise?
While Cantonese Cat refrains from setting specific price targets, other analysts have filled that gap.
Short Term:
$0.00001718 — Short-term resistance
$0.000018 — Confirmed breakout region
🚀 Midterm Exam:
$0.00002502 — Regaining February momentum
$0.00003324 — Testing December 2023 highs
Long Term:
$0.0001 — A psychological and technical milestone
