Shiba Inu's value surged, surpassing zero and entering a crucial demand zone, elevating it to $0.000010. There's potential for SHIB to breach the $0.000011 barrier, advancing towards $0.000014. The limited SHIB supply on exchanges sustains upward price momentum.
This week, SHIB's value, after a zero decline, peaked at $0.000010, rendering 22% of SHIB holders profitable. Maintaining wallet addresses with 134.63 trillion SHIB at the current price level is advantageous.
Insights from the Shiba Inu blockchain and Santiment's on-chain evidence suggest a positive outlook for SHIB. Santiment's data indicates that only 7.84% of SHIB's total supply is on exchanges, ensuring minimal selling pressure and price depreciation.
Presently, Shiba Inu is valued at $0.00001039. With 89,360 wallet addresses holding 134.63 trillion SHIB, creating a critical demand zone, a move towards $0.000014 is anticipated once SHIB reaches the $0.000011 upper boundary.
At the time of writing, Shiba Inu has achieved almost 2% daily gains and nearly 6% weekly gains for holders.
