Shiba Inu (SHIB) Address Profitability Hints at Potential Rally Ahead

Shiba Inu (SHIB) addresses in profit top 67% as key metric goes ballistic

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A lot of the In and Out of the Money chart on ITB shows the formidable support for SHIB is pegged at the $0.000023 level, where a total of 76.6 trillion tokens was purchased by 84,740 SHIB addresses. The resistance, on the other hand, is placed at the $0.000033 mark, where 20.97 trillion SHIB were stacked up by 137,600 addresses.

With the broad majority in profit, more traders may be more inclined to ride the minor gains in the near term, giving SHIB enough room to chart its budding price upshoot.It is almost impossible to analyze the prospects of Shiba Inu jumping above its current level without mentioning its major growth triggers, the whale or large transaction outlook, the SHIB burn metrics and the role of Shibarium.The ITB data shows large transactions jumped by a massive 179.48% in 24 hours to $163.12 million.

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