Shiba Inu to Erase Zero? 110 Trillion SHIB Holds Key to 100% Price Jump
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Shiba Inu could be on the verge of a major breakthrough in price action, with the 110 trillion SHIB threshold holding the key to doubling the value of SHIB prices.

according to Into the BlockAt the breakeven price indicator, 110.27 trillion SHIB was purchased by 327,200 Shiba Inu addresses ranging from $0.000026 to $0.000051 at an average price of $0.000034. This is pretty close to the current Shiba Inu price range.

This means that for more than 327,000 addresses, SHIB would need to increase to $0.00005 to break even.

Into the Block
Break-even price, provided by TradingView

While the 110 trillion SHIB tokens present significant hurdles, they also hold the key to a potential surge in value. This is given from Shiba Inu’s current price, an increase to $0.00005 represents his 100% increase in his SHIB value.

What makes this threshold even more important is that crossing it can erase zeros from the SHIB price. Next to the 110 trillion SHIB threshold is a range where 37.13 trillion SHIB was purchased by 126,520 addresses above the $0.000051 price point.

A successful acquisition at this level could wipe SHIB’s price from zero to a new all-time high.

The appearance of a bullish flag pattern on Shiba Inu’s daily chart also further strengthens the bullish outlook for its price. At the beginning of the week, cryptocurrency analyst Ali said that Shiba Inu appears to be forming a bullish flag on the daily chart, which could trigger a bullish breakout and push SHIB price up to $0.000072323. He emphasized.

At the time of writing, SHIB has risen 7.75% to $0.000025 over the past 24 hours, mirroring Dogecoin’s rise.

The Shiba Inu has been on a steady rise over the past four days. Technically, the price encounters short-term resistance at the daily MA 50 at $0.0000263. A successful breakout here may be necessary for SHIB to break out of the current trading range and create new bullish upward momentum.

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