Shiba Inu’s $41M Withdrawal: Is a Massive Rally on the Horizon?

Krutika Adani

1.67 Trillion SHIB Withdrawn

Holders withdrew 1.67 trillion SHIB, worth $41M, from exchanges—a historical precursor to massive price rallies.

Dormant Wallets Spring to Life

Santiment’s Age Consumed index shows dormant SHIB tokens are in motion, signaling potential market shifts.

Testing Key Resistance Levels

SHIB faced resistance at $0.000028, a critical zone linked to its 50% retracement level from March highs.

RSI Indicates Bullish Momentum

The weekly chart's Relative Strength Index (RSI) is above 50, reflecting growing bullish momentum for SHIB.

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