100 Trillion Shiba Inu (SHIB): Key Milestone Finally Reached

After price action finally broke above the 26-day EMA, a barrier that has repelled all attempts at recovery since early June, Shiba Inu has formally crossed a significant psychological and technical milestone. The fact that SHIB is currently trading above $0.0000125 indicates a consistent rally that has been gaining traction over the past two weeks.  

Recent data shows that over 100 trillion tokens have been moved in SHIB transactions over the last month, indicating a resurgence of interest from both long-term holders and speculative traders. Additionally, more than 100 trillion SHIB are now considered “profitable,” which means they were purchased at lower price levels. 

Whales and high-volume addresses are positioning for additional upside, as indicated by this spike in on-chain volumes, which were muted in May. With bulls repeatedly defending the $0.0000110-$0.0000112 support zone, SHIB has evidently carved out a sequence of higher lows on the price chart.

In addition to challenging the 50 EMA just overhead, this accumulation base served as the basis for the most recent push above the 26 EMA. The RSI has increased to almost 58, which is still well below overbought territory and indicates that, should buying interest continue, there may be more space for an extension. Investors should be aware of impending resistance levels even though this rally appears promising. 

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The 100 EMA, which could serve as a powerful ceiling, is located at around $0.0000130, the next critical barrier. A significant turning point is beyond that at the $0.0000145 region, which is the final swing high prior to the June decline. The path toward $0.00002 could be opened by a break above that level, which would almost certainly confirm a larger trend reversal. 

Data from the chain supports this bullish configuration. Instead of just indicating speculative churn, the notable rise in SHIB moving between wallets suggests capital rotation and possible accumulation. Nevertheless, traders should keep an eye out for any drop in volume or unexpected increases in exchange inflows, as these could indicate profit-taking and a potential dip.