$SHIB is finally waking up đđ
SHIB just jumped around 9%, pushing above its 200-day average near $0.00000562. This is important because that level has acted like a ceiling for months.
Price already touched $0.00000608 before cooling back toward $0.00000596. Now the question is simple: can buyers actually hold the breakout?
If SHIB stays above $0.00000562, the next area Iâm watching is $0.00000608. A clean break there could bring the $0.00000620 August high back into focus.
But thereâs one thing Iâm watching carefully â exchange flows.
Around 111.23B SHIB entered exchanges, while roughly 87.75B left, giving a net inflow of about 23.48B SHIB. Itâs not an extreme inflow, but it shows some holders may be preparing to take profits after this move.
So for me, $0.00000562 is the key line in the sand.
Hold it â breakout structure stays interesting.
Lose it â this could become another failed breakout, with $0.00000545â$0.00000550 becoming the next zone to watch.
SHIB has made the breakout. Now it needs to prove it. đđ„
#shib #momentum #bull
SHIB just jumped around 9%, pushing above its 200-day average near $0.00000562. This is important because that level has acted like a ceiling for months.
Price already touched $0.00000608 before cooling back toward $0.00000596. Now the question is simple: can buyers actually hold the breakout?
If SHIB stays above $0.00000562, the next area Iâm watching is $0.00000608. A clean break there could bring the $0.00000620 August high back into focus.
But thereâs one thing Iâm watching carefully â exchange flows.
Around 111.23B SHIB entered exchanges, while roughly 87.75B left, giving a net inflow of about 23.48B SHIB. Itâs not an extreme inflow, but it shows some holders may be preparing to take profits after this move.
So for me, $0.00000562 is the key line in the sand.
Hold it â breakout structure stays interesting.
Lose it â this could become another failed breakout, with $0.00000545â$0.00000550 becoming the next zone to watch.
SHIB has made the breakout. Now it needs to prove it. đđ„
#shib #momentum #bull
