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Shiba Inu Hits Key Price Zone: What’s Next for SHIB?
Shiba Inu (SHIB), the popular dog-themed crypto, has entered a critical price zone where a huge 41.89 trillion SHIB tokens are held by over 66,000 wallets. This zone sits between $0.000012 and $0.000013, and it could be the deciding factor for SHIB’s next big move.
Data from IntoTheBlock shows that if SHIB can break above this range, it might climb higher—possibly reaching $0.000014. However, SHIB will face its biggest resistance between $0.000014 and $0.000019, where an even larger 547.74 trillion SHIB is held by over 161,000 wallets.
On the flip side, if SHIB can’t stay above the $0.000012–$0.000013 level, it might face selling pressure, pushing its price down toward the support near $0.000011.
Right now, SHIB is trading at $0.00001258, slightly down 2.07% in the last 24 hours, but still up 3% over the past week. The overall crypto market is looking stronger, with Bitcoin crossing $88,000 and other major coins also gaining.
Since hitting a low of $0.00001147 on April 16, SHIB has slowly moved up, even breaking above the 50-day simple moving average (SMA) at $0.0000125—a level it hasn’t crossed since December 2024.
What’s next? Investors are closely watching SHIB’s action around the SMA. If it holds above, we could see further gains. If not, the price might stay flat or dip again.