The price approaches a significant threshold, and SHIB faces a critical moment
Recently, Shiba Inu coin (SHIB) has risen by 4%, with the price nearing $0.0000140, gradually approaching the key resistance area that has historically suppressed the market multiple times, and market sentiment is rapidly heating up. This threshold is not only a turning point for the price but may also determine the future direction of SHIB.
Huge positions await resolution
On-chain data shows that between $0.000014 and $0.000017, over 141,000 addresses collectively hold 537 trillion SHIB. This 'massive trapped position' has formed an extremely dense resistance area. If it cannot break through effectively, many investors may choose to reduce their positions at highs, further intensifying the risk of a pullback.
Technical improvements, bullish momentum continues to strengthen
Despite facing heavy pressure, SHIB has recently successfully risen above the 50-day EMA and has broken through the key psychological level of $0.000013. Trading volume continues to expand, indicating that market buying pressure genuinely exists, rather than being driven by short-term speculation. At the same time, the RSI has risen to 66, just a step away from the overbought zone, presenting a strong market pattern.
If it faces resistance and falls back, pay attention to the support zone below
If it fails to effectively break through the current resistance, SHIB may retrace to the support area of $0.0000125 to $0.0000130. This range has repeatedly become a 'safety cushion' for price corrections and is a core position for frequent confrontations between bulls and bears.
Bullish forces still need external catalysts, whale and institutional movements are crucial
Although the market structure is stabilizing, breaking through this 'trapped defense line' requires stronger momentum. Overall market rises or positive news for the Shiba ecosystem will be key to breaking the deadlock. Investors should continue to monitor trading volume, changes in on-chain addresses, and whale buying behavior, as any sudden positive news could ignite the next market rally.
