 
 
Shiba Inu (SHIB) is back in the spotlight as technical indicators and on-chain data hint at a potential bullish reversal.
Analyst HolderStat notes SHIB is nearing an upside breakout after weeks of decline, while Arkham data shows Binance moving billions of tokens into cold storage, stoking supply-squeeze speculation.
From a technical standpoint, SHIB is testing a key resistance zone between $0.0000078 and $0.000008, an area that has capped price after a series of lower lows established a broader bearish structure.
However, momentum is beginning to stabilize, with prices compressing against a descending trendline that is now under pressure. According to HolderStat, a decisive breakout above this trendline would shift momentum toward the bulls and pave the way for a rally to the next resistance level.
If SHIB breaks above the trendline, analysts see potential for a rally to $0.0000082 and beyond. Such a move would signal a shift from bearish pressure to a more bullish outlook as buyers regain control. With spot inflows recently surging by 1,153% and price tightly coiling, a decisive breakout, up or down, appears increasingly imminent.
 
Fueling this bullish sentiment, Arkham Chart reports that Binance moved over 17.5 billion SHIB tokens to cold storage, temporarily removing them from circulation. Such large transfers typically signal long-term holding or internal restructuring, reducing near-term selling pressure.
Well, over 17.5B SHIB has been removed from hot wallets, fueling speculation of a looming supply shock. With 80 trillion SHIB exiting exchanges and a compressed price structure, reduced liquidity could trigger sharp price moves if demand rises.
Source: https://zycrypto.com/wen-0-001-shib-price-shiba-inu-sees-supply-shock-as-billions-pulled-offline/