SHIB Hits Key Resistance, Next Movement About to be Revealed!!!
In early trading, Shiba Inu (SHIB) briefly reached a high of $0.00001525 and is currently facing significant resistance.
🔍 Key Data Overview:
Approximately 533.08 trillion SHIB is held by 133,300 addresses, concentrated in the $0.000015–$0.000019 range, with an average price of about $0.000017.
📈 Technical Observation:
Since the low of $0.00001029 on April 9, SHIB has rebounded continuously, successfully breaking through the long-term resistance of the daily SMA50 ($0.00001257).
If it can effectively break through the above-mentioned concentrated holding area, SHIB is expected to challenge the $0.000019–$0.000024 range, where there is potential selling pressure of 1.78 trillion SHIB.
Key support level below: $0.000011, corresponding to 342,490 addresses.
🛠️ Fundamental Developments:
SHIB officials announced the launch of a brand new developer portal on Shibarium, accelerating the Layer-2 ecosystem layout.
📌 The tug-of-war between bulls and bears is intense, and SHIB's directional choice is coming soon!!!
