516,120,000,000,000 #Shiba Inu ($SHIB ) set to be hit: Potential scenarios

Shiba Inu is moving closer to a critical price range that could decide its next major move. Data provided by IntoTheBlock shows that nearly 516.12 trillion SHIB held by over 116,000 addresses are priced between $0.000016 and $0.000019. At press time, SHIB is trading at $0.00001619, up 1.24% over the past 24 hours and up almost 28% over the week, benefiting from a broader bullish trend in the crypto market. Traders are now closely monitoring the potential resistance around the $0.000016 to $0.000019 range due to possible selling pressure from those looking to break even on their investments. If SHIB breaks above this range convincingly, it may attract additional buying pressure, targeting the next level between $0.000019 and $0.000024. If SHIB fails to break out, a wave of profit-taking could drag prices down toward lower support levels between $0.000014 and $0.000016.