Current Price Action
Shiba Inu (SHIB) is on the cusp of breaking out of a downward trendline that’s been holding it back since early March. It’s currently up 10% in the past week, signaling bullish sentiment.
Resistance Levels to Overcome
Despite the positive momentum, SHIB faces several resistance levels before reaching its next milestone. Data from IntoTheBlock (ITB) shows multiple walls of addresses between the current price ($0.00002494) and $0.000139.
Key Resistance Points
- $0.000028: 98,230 addresses hold 40.17 trillion SHIB.
- $0.000033: 143,280 addresses hold 21.3 trillion SHIB.
- $0.000040: 57,180 addresses hold SHIB with a maximum price of $0.000036 and a minimum price of $0.000044.
- $0.000139: Two additional resistance levels with 62,340 and 92,530 addresses holding 33 trillion and 29.73 trillion SHIB, respectively.
Support Level to Defend
To maintain its bullish momentum, SHIB needs to defend its current support at $0.000022 in the short term.
