Shiba Inu (SHIB) Set for Potential Price Surge as 74 Trillion Tokens Activate and 60% of Holders Profit

Shiba Inu (SHIB) is showing promising signs of potential growth, with key on-chain data pointing to a possible market shift. Over the past 24 hours, 74 trillion SHIB tokens are expected to become active, potentially triggering significant price movement.

Currently, more than 60% of SHIB holders are in profit, a strong indicator of investor confidence. This high profitability reduces selling pressure, which can stabilize the price and pave the way for further upward momentum. Active addresses are also increasing, further fueling the positive sentiment among investors.

From a technical perspective, SHIB recently broke above the $0.000026 level, with the next resistance point near $0.000030. If this momentum continues, SHIB could reach more ambitious price targets. However, the 200-day moving average at $0.000022 remains a critical support level, and failure to stay above it could result in a consolidation phase.

With over $1 billion in transactions over the past week, market confidence is high, but sustained inflows are necessary for SHIB’s growth. Overall, the combination of strong profitability, active addresses, and bullish technical signals suggests that SHIB could see further positive price action in the near future.