$SHIB is finally waking up ๐๐
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 Iโm watching is $0.00000608. A clean break there could bring the $0.00000620 August high back into focus.
But thereโs one thing Iโm watching carefully โ exchange flows.
Around 111.23B SHIB entered exchanges, while roughly 87.75B left, giving a net inflow of about 23.48B SHIB. Itโs 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 โ breakout structure stays interesting.
Lose it โ this could become another failed breakout, with $0.00000545โ$0.00000550 becoming the next zone to watch.
SHIB has made the breakout. Now it needs to prove it. ๐๐ฅ
#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 Iโm watching is $0.00000608. A clean break there could bring the $0.00000620 August high back into focus.
But thereโs one thing Iโm watching carefully โ exchange flows.
Around 111.23B SHIB entered exchanges, while roughly 87.75B left, giving a net inflow of about 23.48B SHIB. Itโs 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 โ breakout structure stays interesting.
Lose it โ this could become another failed breakout, with $0.00000545โ$0.00000550 becoming the next zone to watch.
SHIB has made the breakout. Now it needs to prove it. ๐๐ฅ
#shib #momentum #bull
