$SHIB 🎀‼️ Big Resistance at Market—SHIB Struggling to Break Out! ♨️📛❓
Shiba Inu (SHIB) is facing stubborn resistance, as sellers continue to absorb every rally attempt and keep price action pinned below critical levels. Each time SHIB tries to build momentum, aggressive supply emerges, signaling that larger players are determined to defend this zone and prevent a sustained breakout. 🛑⚔️
Volume analysis highlights how determined the sellers are. Every push higher has triggered noticeable spikes in sell-side volume, confirming that distribution is in full swing. This persistent selling pressure is a textbook sign that big holders are using rallies as opportunities to exit positions rather than accumulate for further upside. 🐋📊
Technically, SHIB is consolidating beneath key short-term moving averages that have now turned into dynamic resistance. RSI is rolling over after failing to clear neutral territory, reflecting weakening bullish momentum. Meanwhile, MACD is flattening and looks poised for a bearish crossover if buyers can’t reclaim higher ground soon. ⏳🔻
On-chain data reinforces the cautious outlook. Exchange inflows have been climbing, suggesting that whales are transferring tokens onto trading platforms to prepare for more selling. When large holders position themselves this way, it often signals an expectation that the market isn’t ready for a clean breakout yet. 📉⚡
For traders, the main level to watch is the resistance zone just overhead. A decisive move above this area with strong volume would signal that buyers have finally overwhelmed the sellers, potentially igniting a wave of follow-through buying. Until that happens, however, every rally attempt remains vulnerable to another rejection. 🎢🎯
In summary, SHIB is battling big resistance that continues to cap price action and frustrate bullish setups. Staying patient, waiting for clear confirmation, and managing risk carefully are essential strategies in this environment.