The post Shiba Inu Surge Incoming? 117 Billion SHIB Leaving Exchanges Sparks Bull Alert ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Shiba Inu (SHIB) could surprise cautious bears with a bullish rebound, says analyst GainMuse. With key support intact, the memecoin may steadily climb toward its upper resistance. Source: GainMuse SHIB is trading at $0.0000055 per CoinGecko, with key support at $0.0000059–$0.0000061, while resistance lies in the $0.0000078–$0.0000081 zone. Therefore, GainMuse says maintaining the lower channel is crucial for a cautiously bullish outlook. If the floor holds, SHIB could see a controlled short-term rally, even as 700 billion tokens recently flooded exchanges. Shiba Inu Bulls Gain Momentum as 117B SHIB Exit Exchanges, Eyeing Key Resistance On-chain data from CryptoQuant show 117 billion SHIB left exchanges in the past 24 hours, signaling easing selling pressure.  This massive outflow suggests long-term holders are absorbing supply, which historically precedes consolidation or upward momentum as tokens move into wallets less likely to sell. Advertisement

&nbsp What’s the key takeaway? Well, GainMuse highlights that if SHIB holds above $0.0000059, it could test resistance between $0.0000078–$0.0000081. A breach below this support may signal short-term weakness. Multiple analysts also predict that Shiba Inu could surge as high as 736% to $0.00005 by late 2026. Well, Shiba Inu is showing a cautiously bullish setup as long as it holds above the channel base. Strong support, easing selling pressure, and major exchange outflows hint at a potential rebound.

Source: https://zycrypto.com/shiba-inu-surge-incoming-117-billion-shib-leaving-exchanges-sparks-bull-alert/

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Filed under: News - @ March 1, 2026 11:28 am