🚨 516 Trillion SHIB Approaching Critical Price Zone

Shiba Inu (#SHİB ) is nearing a #significant resistance level, with approximately 516.12 trillion tokens held by 116,430 addresses between $0.000016 and $0.000019. As SHIB's price climbs, this zone could trigger substantial market reactions.

📊 Current #Market Snapshot

Price: $0.00001559

24h Change: +4.95%

Weekly Gain: +18%

Recent High: $0.00001611 (First since Feb 2025)

🔍 Technical Indicators

Support: Daily SMA 50 at $0.00001286

Resistance: Daily SMA 200 at $0.00001835

🔮 Potential Scenarios

1. Breakout Above $0.000019

Could lead to a rally towards $0.000024, where 178 trillion SHIB are held by 136,040 addresses.

2. Rejection at Resistance

May result in profit-taking and a pullback to the $0.000014–$0.000016 support range, with 18.33 trillion SHIB held.

📈 On-Chain Insights

A significant number of holders are at a #breakeven point, potentially increasing selling pressure as SHIB approaches their average purchase price.

📌 Takeaway

SHIB is at a pivotal juncture. A decisive move beyond $0.000019 could ignite further gains, while failure to #break through may prompt a correction. Traders should monitor these levels closely.