The possibility of Shiba Inu rising to an ambitious target of $0.0007 could yield significant returns from a small investment of $1,000 in SHIB.
Shiba Inu’s recovery attempt has stalled, with the asset struggling to break into the $0.000012 region. After hitting an intraday high of $0.00001179, Shiba Inu’s price crashed to $0.00001154 and has continued to hover around this level ever since.
Major Resistance Ahead
Currently, SHIB is trading at $0.00001158, reflecting a 0.12% increase over the past 24 hours. Shiba Inu has experienced a massive decline over the past 30 days, posting a 20.51% loss.
Now, Shiba Inu faces resistance in the $0.000012 to $0.000014 range, a zone where 88,650 addresses hold 65.15 trillion SHIB tokens.
This resistance is relatively mild compared to the next major barrier, between $0.000014 and $0.000019, where 175,560 addresses hold 523.66 trillion SHIB.