• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu: A Possible Breakthrough Post Correction

user avatar

by Giorgi Kostiuk

8 months ago


In recent months, Shiba Inu has been in a corrective phase, sparking the interest of investors and analysts. Amid market uncertainties such as the upcoming U.S. elections, some experts foresee a potential breakthrough for Shiba Inu.

Current Analysis of Shiba Inu

Over the past eight months, Shiba Inu has been in a consolidation phase, forming a symmetric triangle on its daily chart. This often signals a near-term breakout. If Shiba Inu can surpass the resistance level at $0.0000114, it may gain momentum and rise to targets as high as $0.000045.

Role of Whales and Supply Reduction

The latest reduction in Shiba Inu's exchange supply maintains investor optimism. Since May, its exchange supply has decreased from 158.75 to 145 trillion coins, indicating investors moving their holdings to private wallets and reducing sell pressure. Whales, holding substantial SHIB volumes, have increased their holdings to 61.4% of the total supply, reflecting confidence in the cryptocurrency's long-term prospects.

Rexas Finance: Token Utility in Action

Unlike SHIB, driven by community enthusiasm, Rexas Finance (RXS) targets real-world applications by tokenizing physical assets. The platform links traditional asset markets with investors, providing fractional ownership opportunities and facilitating access to valuable assets for everyday investors.

Despite whale support and reduced supply, Shiba Inu's possible breakout remains intriguing for its holders. However, as the crypto market evolves, assets with solid foundations and real-world applications, like Rexas Finance, are likely to garner more investor interest.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

TON Foundation Clarifies No UAE Government Endorsement for Golden Visa

chest

The TON Foundation clarified that its proposed Golden Visa blockchain initiative is not officially endorsed by the UAE government and remains in early stages.

user avatarGiorgi Kostiuk

BlackRock iShares Bitcoin ETF Reaches 55% Market Share in Spot Bitcoin ETFs

chest

BlackRock iShares Bitcoin ETF increases assets to 700.3 BTC, making up 55% of all Bitcoin in U.S. spot ETFs.

user avatarGiorgi Kostiuk

Bit Digital Changes Strategy: From Bitcoin to Ethereum

chest

Bit Digital announced a significant increase in its investments in Ethereum after selling 280 bitcoins.

user avatarGiorgi Kostiuk

Goldman Sachs: Fed May Start Cutting Rates Earlier Than Expected

chest

Goldman Sachs forecasts that the Fed may begin cutting interest rates in September 2025 amid easing inflation pressures.

user avatarGiorgi Kostiuk

Whale Returns with Massive BTC Short Position

chest

A well-known crypto whale opens a 40x short position on Bitcoin worth $118.8 million, raising market concerns.

user avatarGiorgi Kostiuk

Cryptocurrency: Bitcoin and Ethereum Decline Amidst Surge of MemeCore and AMO Coin

chest

Top cryptocurrencies like Bitcoin and Ethereum show declines while MemeCore and AMO Coin see significant gains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.