Shiba Inu market cap expands $425 million as SHIB surges nearly 4%

Shiba Inu added about $425 million to its market capitalization as SHIB climbed nearly 4%, rising from $0.00000474 to $0.00000493 and testing resistance between $0.00000489 and $0.00000500. The move was stronger than the low-volatility trading that dominated the first half of August, with upward momentum indicators, higher volume and a return above shorter-term moving averages near $0.00000450 and $0.00000460. A confirmed break above $0.00000500 could establish a higher short-term trading range after months of decline, but the token remains below its long-term moving average at $0.00000574. The daily RSI (relative strength index, a momentum gauge) rose from below 50 to about 61 without reaching the traditional overbought level of 70. On-chain data is mixed: total exchange netflow was negative by about 207.3 billion SHIB, exchange reserves fell 0.24%, total inflows reached about 523.1 billion SHIB and the seven-day average exchange inflow increased 23.8%. Active and receiving addresses both rose about 1.2%. If SHIB holds above $0.00000500, attention could move to $0.0000055-$0.00000575; a rejection could put the reclaimed $0.00000460-$0.00000450 area under pressure and turn the market-cap increase into another short-term relief rally.

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