“SHIB is finally over!”

Shiba Inu (SHIB), which lagged behind Dogecoin (DOGE) in the super memecoin cycle, ended its downtrend and signaled a potential rally.

Current price analysis and on-chain measurements show that SHIB’s price has broken out of its long-standing bearish trend. SHIB is struggling to break above $0.000025, a potential resistance point, after a months-long consolidation phase.

According to UToday’s analysis, a major rally could begin if SHIB price crosses $0.000025.

Analysis of Shiba Inu (SHIB).

Shiba Inu’s (SHIB) layer-2 blockchain, Shibarium, broke a new record last week by recording more than half a billion transactions. Shibarium, which attracted new users, became a beacon of hope for SHIB’s investors.

SHIB, which increased its trading volume due to the effect of the super memecoin cycle, moved above the 50-day and 200-day exponential moving averages (EMAs). The data in question was interpreted as an upstream signal.

According to UToday’s analysis, SHIB should clear the $0.00003 resistance before starting a major rally. The analysis included the following statements:

“The bullish expectation is supported by recent on-chain data. The $2.69 billion in transactions last week by the largest SHIB wallet is clearly visible. Additionally, 61 percent of SHIB holders are profitable at current levels, which could encourage additional accumulation.“

The analysis cautioned that profitable wallets could generate selling pressure if the price of SHIB rises sharply. Whale holds 73 percent of the total SHIB supply, indicating that the popular memecoin may experience price volatility. If the SHIB price pulls back to the support level, a large selloff from the whales could occur.

The analysis examined the SHIB price as follows;

“The data still shows interest in SHIB. “If SHIB maintains its current momentum and trading volume, the token could surpass its recent highs.”