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I just noticed an interesting point with SHIB. The price finally broke through the downward trend line that had been pressing it for over a month. Remember how every time the price approached this ceiling, sellers would immediately push it back down? This time, everything is different. Yesterday, SHIB closed above this level and even surpassed the 50-day moving average around $0.00000591. If the momentum holds, the next target on the SHIBUSDT chart is the 100-day moving average near $0.00000673.
What interested me the most is the data from the blockchain. Over the past 24 hours, 133 billion SHIB have left exchanges. This means people are transferring tokens into self-custody rather than preparing them for sale. Plus, trading volume increased by 41%, and buyers are slightly outweighing sellers. This looks like a genuine breakout, not just a random spike.
Long-term charts also suggest that we are in an accumulation phase. If support holds, a serious upward move could be ahead. But for now, the main thing is to maintain the breakout above this resistance.