Shiba Inu (SHIB) struggles against one of its toughest resistance levels in recent trading. Over 515 trillion SHIB tokens sit at a crucial price point, creating immense selling pressure. After a significant price correction, SHIB has stabilized and now approaches a decisive moment that will shape its future trajectory.
Data shows that approximately 75,000 addresses hold 515 trillion SHIB tokens between $0.000016 and $0.000018. These investors purchased at higher levels and now seek to sell at break-even or minimal profit. Their selling activity creates a formidable barrier that SHIB must overcome to maintain upward momentum.
How the In/Out of the Money Indicator Affects SHIB
The In/Out of the Money indicator classifies addresses based on their profit or loss status. Addresses that bought at a lower price than the current value remain “In the Money.” Conversely, those that purchased at a higher price fall “Out of the Money.” Many addresses currently face losses, which increases selling pressure at the $0.000016 mark.
What Shiba Inu Needs to Break Through Resistance
SHIB must experience a surge in buying pressure to surpass this resistance. If buying activity strengthens, the token could break past $0.000018 and move toward $0.000020. However, if SHIB fails to gain momentum, it may consolidate or decline toward its next support level at $0.000014.
The $0.000016 to $0.000018 zone remains a significant hurdle due to the large number of tokens held at that range. If SHIB successfully breaks through, the next critical resistance appears at $0.000020. Conversely, failure to break resistance could result in a pullback to the $0.000014 support level. Traders should monitor these levels closely as they indicate potential market trends.
A successful breakout could trigger a 12% rally, attracting fresh buyers and boosting market sentiment. If SHIB reaches $0.000020, bullish momentum may continue, drawing in more investors. However, if sellers dominate, SHIB might drop back to $0.000014, where it could consolidate before attempting another upward move.
Market Sentiment and Investor Reactions
Investors remain divided on SHIB’s next move. Some anticipate a breakout, while others expect continued resistance at $0.000016. Whale activity and retail investor sentiment will play a crucial role in determining the asset’s short-term direction. Increased buying pressure from large holders could push SHIB past resistance, while further selling pressure may lead to a decline.
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SHIB stands at a crossroads, facing one of its most significant resistance levels. Breaking past $0.000018 could set the stage for a strong rally, while failure may lead to consolidation or a pullback. Traders should closely watch buying activity and market sentiment as they navigate this crucial phase in Shiba Inu’s price movement.
