Shiba Inu Faces a Mountain of Resistance: Can It Break Through?
Shiba Inu (SHIB) is in the green today, but its upward path just hit a serious challenge — and it's not a small bump in the road. According to on-chain data from IntoTheBlock, a staggering 22.7 trillion SHIB tokens lie in wait just above its current price level. These tokens are held across more than 49,000 wallets — a potential avalanche of selling pressure ready to activate.
At the moment, SHIB is trading near $0.00001293. But the real test lies just ahead, in the $0.000013 to $0.000015 range. This zone is packed with what traders call "out-of-the-money" holders — investors who bought high and are now anxiously eyeing a chance to break even. The biggest concentration? Smack at $0.000014.
This isn’t just a technical resistance line — it’s a psychological battlefield. Many of those holders might jump at the opportunity to exit if prices approach their original buy-in, creating a dense layer of resistance that bulls will need serious momentum to overcome.
So far, SHIB has held its ground well, bouncing from support around $0.00001107. But what it hasn’t done is conquer any meaningful resistance. $0.000014 is the first real barrier — and it’s a big one.
The question now is simple but significant: is SHIB gearing up for a breakout, or is this another false dawn before a pullback? With trillions of tokens perched at this key level, the market’s next move is likely to be sharp, clear, and very soon.
