🚨 516 Trillion SHIB Approaching Critical Price Zone
Shiba Inu (
#SHİB ) is nearing a
#significant resistance level, with approximately 516.12 trillion tokens held by 116,430 addresses between $0.000016 and $0.000019. As SHIB's price climbs, this zone could trigger substantial market reactions.
📊 Current
#Market Snapshot
Price: $0.00001559
24h Change: +4.95%
Weekly Gain: +18%
Recent High: $0.00001611 (First since Feb 2025)
🔍 Technical Indicators
Support: Daily SMA 50 at $0.00001286
Resistance: Daily SMA 200 at $0.00001835
🔮 Potential Scenarios
1. Breakout Above $0.000019
Could lead to a rally towards $0.000024, where 178 trillion SHIB are held by 136,040 addresses.
2. Rejection at Resistance
May result in profit-taking and a pullback to the $0.000014–$0.000016 support range, with 18.33 trillion SHIB held.
📈 On-Chain Insights
A significant number of holders are at a
#breakeven point, potentially increasing selling pressure as SHIB approaches their average purchase price.
📌 Takeaway
SHIB is at a pivotal juncture. A decisive move beyond $0.000019 could ignite further gains, while failure to
#break through may prompt a correction. Traders should monitor these levels closely.