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$SHIB Price Rebounds Above $0.00001222 as Holder Base Expands to 1.5M ** #Shiba Inu trades at $0.00001222 with growing holder base reaching 1,537,364. Technical indicators suggest potential breakout above key resistance levels.

The Shiba Inu ( $SHIB ) price has crashed to a crucial support level, as on-chain metrics indicate ongoing accumulation by whales and so-called smart money investors. Whales are buying SHIB; exchange outflows jump Shiba Inu , the biggest meme coin on Ethereum ( $ETH ) , could be about to rebound after plummeting by 633% from the highest point in November last year. A key catalyst for the coin is that whales are accumulating it aggressively. Nansen data shows that whales have increased their holdings by 85% over the last 30 days, reaching over 100.5 billion coins. These investors have bought over 62 billion SHIB coins since September 13. This is notable since the accumulation started after the recent Shibarium hack. Similarly, insiders have been on a buying spree this month. They have boosted their holdings to 12.4 billion coins, up from a low of 10 billion coins in August this year. Increased whale and smart money buying is a sign that these investors expect the coin to rise. In most cases, these market participants buy before a rebound. Another bullish case for the SHIB price is that exchange outflows have accelerated this month. There are now 283 trillion tokens on exchanges, down from 297 trillion three months ago. A potential catalyst for the Shiba Inu price is the rising hope among the community that at least one fund manager will apply for a spot SHIB ETF, which the U.S. Securities and Exchange Commission (SEC) may approve. Additionally, based on the SEC standards released last week, an SHIB ETF would likely receive expedited approval, given that its Coinbase futures already exist. Shiba Inu price technical analysis Technical analysis suggests that the SHIB price could rebound soon, as it has crashed to a critical support level. This support is part of the lower side of the symmetrical triangle pattern, whose two lines are nearing their confluence level. Additionally, the current price is aligned with the major support/resistance level of the Murrey Math Lines tool. In most cases, an asset tends to rebound after hitting this support level. Therefore, a rebound could see the Shiba Inu price soar to the ultimate resistance at $0.00001490, up by about 25% above the current level. A drop below the major S/R will invalidate the bullish forecast.

🚀 Massive Opportunity in $SHIB – The Bullish Surge Could Be Just Around The Corner! 🚀 🔥 #SHIBUSDT 1D Chart – Current Price: 0.00001230 🔥 📊 Key Price Points to Watch: Immediate Target: 0.00001400 Mid-Term Goal: 0.00001800 (Get ready for the rally!) Top Resistance: 0.00002497 (A major breakthrough ahead!) 📈 The #SHIB chart is showing some incredibly strong bullish signals! #shibaInu is making a push for higher highs, and the price is at a crucial level right now. After testing some solid support at 0.00001004, it’s gearing up for a serious breakout 🚀. 💥 Don't miss out on the next wave – this could be your opportunity to jump in before it soars. 🌐 Why Now? The moving averages are aligning perfectly for a breakout. Bullish momentum is showing consistent higher lows (H, H, H pattern on the chart). The time to buy is NOW, before it shoots towards the next resistance! ⚡ Get in early, ride the wave, and secure your #shiba⚡ before it breaks through those key levels. It's the perfect time to BUY NOW! 🤑 💰 Remember: The market waits for no one, so act fast!🫵

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