$SHIB Inu (SHIB) Faces Heavy Resistance Despite Bullish Momentum✍
Shiba Inu (SHIB) is flashing green today, showing strong bullish momentum — but it's heading straight into a significant resistance wall. According to on-chain data from IntoTheBlock, over 22.7 trillion SHIB tokens are positioned just above the current market price, distributed across more than 49,000 addresses. That’s a massive pool of potential selling pressure.
As of now, SHIBA is trading around $0.00001293, but from this level up to $0.000015, the resistance zone is loaded. These are "out-of-the-money" holders — investors who bought near previous highs and are now looking to break even or reduce losses.
The most critical cluster of resistance? Right at $0.000014.
This is the challenge for SHIB bulls. It’s no longer just about crossing a trendline or pattern breakout — it’s about absorbing a concentrated supply of tokens likely to be sold once prices reach breakeven levels for long-term holders.
That kind of volume at a defined price point gives the market a clear battle zone. Either bulls come in strong and push through the wall, or the price stalls and pulls back — yet again.
Structurally, $SHIB has been stable. It recently held support near $0.00001107 and moved higher. But it hasn’t yet flipped any major resistance zones — and $0.000014 stands as the first big test.
So, is this the beginning of a true breakout, or just another temporary rally before a reset? With over 22 trillion tokens looming overhead, the answer should reveal itself soon on the chart.✍