📈 SHIB is back in the spotlight after gaining 15% this week. A bullish crossover and a steep drop in exchange reserves are setting the stage for a potential breakout.
🏦 Exchange reserves hit a 12-month low at 83.8T SHIB (~$1.14B), down from 150T+ in 2024. Lower supply on exchanges = reduced selling pressure and more upside potential.
⚡ A “golden crossover” just flashed, as the 20-day EMA crossed above the 50-day EMA — a classic bullish signal. This pattern last appeared in May near $0.00001320, followed by a 34% rally.
📊 SHIB is now testing resistance at $0.00001421, with upside targets at $0.00001468, $0.00001577, and $0.00001765. A breakout could send price toward $0.00001867 — up to 38% from here.
🛡️ Support lies at $0.00001320 and $0.00001150. A drop below $0.00001282 would invalidate the bullish setup and risk deeper correction.
SHIB is showing strong technical signs — but bulls must reclaim resistance fast to keep the momentum alive.
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