The post 38 Trillion SHIB in Play: Shiba Inu Reversal Imminent? appeared on BitcoinEthereumNews.com.

The crypto market remains in consolidation, with the total market capitalization nearing $3 trillion, as analysts anticipate a reversal that could propel the market higher. Analysts believe that extended consolidation and negative funding rates might lead to a significant upward surge in Bitcoin, which might impact other crypto assets, with macroeconomic variables also influencing market sentiment. Amid these expectations, Shiba Inu is attracting attention, with a 38 trillion SHIB token range in focus amid growing speculation of a potential price reversal. Following the lackluster trading action on the market, Shiba Inu has seen declining momentum. Shiba Inu has continuously decreased after reaching a high of $0.00001525 on April 26. Shiba Inu fell for two days in a row from Tuesday but recovered in today’s trading session. You Might Also Like At press time, Shiba Inu was up 0.03% in the last 24 hours to $0.00001345. The rebound has brought Shiba Inu to the crucial level where 38 trillion SHIB are being held. Global In/Out of the Money: IntoTheBlock According to IntoTheBlock data, 38.61 trillion Shiba Inu tokens are being held by 55,020 addresses in the range of $0.000013 and $0.000014 at an average price of $0.000013. Why is it significant? The 38 trillion SHIB range between the $0.000013 and $0.000014 range is significant as it precedes a major breakout zone for Shiba Inu’s price. You Might Also Like Next to this range is a gigantic barrier, where 540.73 trillion SHIB were previously bought between $0.000014 and $0.000019 at an average price of $0.000016 by 157,180 addresses. A breach beyond this range could result in greater gains for Shiba Inu and spark a new rise in its price. However, there is a risk of consolidation before a large move as the market tries to find its feet. In the meantime, the…

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Filed under: News - @ May 1, 2025 1:28 pm