Shiba Inu Price Gains 17% as 25% of Traders Return to Profit
Shiba Inu price is maintaining above $0.000011, reflecting a 17% increase in the past 48 hours. On-chain data indicates that 25% of SHIB holders are now profitable. The rally is attributed to increased investor interest in high-risk assets following President Trump's ceasefire call in the Middle East.
Key Highlights
- SHIB outperformed major cryptocurrencies like Bitcoin and Ethereum, which saw single-digit gains.
- The price surge has led to a significant increase in trading volume and market sentiment.
- 26.97% of SHIB holders are profitable, while 73.32% are still at a loss.
- The primary resistance point lies at $0.000012, where 30,470 addresses hold substantial amounts of SHIB.
- A Golden Cross on the 4-hour chart signals potential bullish continuation.
- Technical indicators like MACD show strengthening upward momentum.
- If momentum persists, a breakout above $0.000012 could lead to a target of $0.0000135.
- Support remains at $0.0000108, providing strong buying interest.
Market Trends
As SHIB consolidates, traders are increasingly looking towards utility tokens like Solaxy, which focuses on tokenizing solar energy and expanding green investment opportunities.