🐕💸 Shiba Inu Surge Incoming? 🚀

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🐕💸 Shiba Inu Surge Incoming? 🚀

🐕💸 Shiba Inu Surge Incoming? 🚀

Down in the dusty crypto fields, where the wild Shiba Inus roam, there’s a whisper of a rebound, a slight flicker of hope above $0.000016. The crypto corral’s seen a recovery, with bulls snorting and stomping, dreaming of green pastures ahead. Our furry friend SHIB‘s been pacing, consolidating, but lately, there’s a glint in its eye—a potential breakout on the horizon. A colossal 35 trillion SHIB outflow, and whispers of capitulation, hint at a stampede that could send prices soaring. 🐕🌪️

Shiba Inu Price: A Triple Threat? 🤔

The value of our four-legged friend shows signs of a rally, as exchange outflows and capitulation signals like a weather vane turning with the wind. Since January 4, SHIB’s seen its exchange supply drop from 141 trillion to 106 trillion tokens—like coins slipping through the cracks into eager pockets. 🪙👖

This ain’t just coin collecting; it’s a sign of investor accumulation and a slowdown in selling. If demand kicks up, we might just see a price surge that could make a gambler’s heart race. Historically, when exchange balances decline, SHIB’s market performance has charged ahead like a bull in a china shop. 🐂🏠

Then there’s the network profit/loss, taking a nosedive, signaling traders are throwing in the towel. This NPL, it tracks the wins and losses of coins moving on-chain, and right now, it’s a sea of red. A negative NPL means SHIB holders are selling at a loss, usually a sign we’re nearing the bottom of the barrel. But remember, capitulation can clear the way for a bullish rebound, as the weak hands fold and the strong hold on. If history’s any guide, SHIB could be looking at a triple from current levels, aiming for $0.00004923. 🤑📈

SHIB: The Big Breakout? 🤷‍♂️

As of Tuesday, February 11, SHIB’s price is a hair above $0.00001641, after a recovery that’s added 3% in 24 hours. It’s like a cowboy getting back on his horse, ready for another ride. 🤠🐎

The price action is shaping up like an inverse head-and-shoulders pattern on the weekly chart, a formation that makes you think of a rally racing toward resistance levels. It’s like a trail leading to the first resistance at the neckline level of $0.00003286, a path well-trodden. If SHIB can break through, it might just gallop toward $0.00006029, a jump that’d make a rodeo cowboy blush—267% from where it stands now. 🐂🎪

This pattern, a classic bullish reversal, has been two years in the making. The head formed at $0.000007, with shoulders at higher lows, suggesting a slow and steady accumulation. If SHIB can clear the neckline, the sky’s the limit. But if it hits a wall, there’s a safety net around $0.00001266, ready to catch it if it falls. 🛡️

In the end, with a 35 trillion SHIB outflow and capitulation in the air, it smells like a bullish reversal might be on the way. If the winds of change keep blowing, SHIB could be looking at a triple, reaching $0.00004923 in the weeks to come. 🌬️🐕

 

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2025-02-11 13:35