Shiba Inu (SHIB) surges to $0.000009917 rage.. SHIB’s bullish signal is underscored by a notable surge in active addresses.. The global cryptocurrency market displays a surge in activity as Bitcoin’s rally above $52,500 sparks renewed investor interest, particularly in Shiba Inu (SHIB), the second largest memecoin, which has been muted since its layer 2 blockchain, Shibarium launch. Recent data reveals a notable uptick in new and active addresses for SHIB, indicating growing enthusiasm among investors.. Over the past week, there has been a 5% increase in newly registered Shiba Inu wallets, along with a 29% surge in active addresses. Additionally, addresses holding zero SHIB balance have surged by 80% during the same period.. Further, whale activity in the Shiba Inu ecosystem has also intensified, as reflected in a substantial increase in netflows of large holders, up by over 1700% according to IntoTheBlock data. This surge in netflows suggests significant accumulation by major players, possibly signaling bullish sentiment.. However, despite the heightened activity and interest, a significant portion of SHIB investors find themselves at a loss, with 62.49% of holders experiencing losses compared to 34.31% enjoying profits. Moreover, the Shiba Inu burn rate has seen a decline of over 38.34% in the last 24 hours. That adding another layer to the evolving dynamics within the SHIB ecosystem.. In terms of price action, Shiba Inu has displayed a downtrend since its peak of $0.000011 on December 17. Nevertheless, recent trends show a potential uptrend, with SHIB’s current price at $0.000009917.. Shiba Inu (SHIB) Price Chart (Source: TradingView). If the memecoin continues its bullish trend, analysts suggest immediate resistance at $0.00001012. That could lead to further gains toward $0.00001608. A breach above $0.00002308 could set a new bullish trajectory towards $0.00003408potentially propelling SHIB to $0.000057 and $0.0001.. Conversely, failure to sustain the rally may see SHIB finding crucial support at $0.000009504, potentially triggering a decline towards $0.000009203 and possibly even $0.00008564.. At the time of writing, SHIB was trading at $0.00000981 with a daily trading volume of $201 million, marking an increase of over 47% in the last 24 hours.. share