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Shiba Inu Price Surges as Whales Buy 530 Trillion SHIB – Breakout Imminent? – Crypto News
Shiba Inu (SHIB) price is teasing a breakout from a 4-year consolidation phase, fueled by whales accumulating 530 trillion tokens and an 11,000% surge in SHIB burn rate. At $0.000015, SHIB is up 2% today, but data hints that this could be the start of a major rally, especially if Bitcoin’s rally cools. Here’s the latest Shiba Inu price forecast, key levels to watch, and why whales are betting big on this meme token. Shiba Inu Price Forecast as 4-Year Consolidation Range Holds In the last four years, SHIB price has been trading within a tight consolidation range between $0.000005 and $0.000096. The meme coin entered this range in mid-2021 following a parabolic bull run stirred by a 400 trillion SHIB burn by Vitalik Buterin. However, in the last year, Shiba Inu price has been showing signs of breaking out. In 2024, it broke resistance at $0.000014, and it is… Read More at Coingape.com
The post Shiba Inu Price Surges as Whales Buy 530 Trillion SHIB – Breakout Imminent? appeared first on CoinGape.
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