Shiba Inu Faces Key 518.2 Trillion SHIB Barrier Amid Consolidation and Potential Breakout
2025-07-12 15:04:05
Main Idea
Shiba Inu (SHIB) faces a significant resistance level at a supply wall of 518.2 trillion SHIB tokens near $0.000014, which could impact its price movement in the near term.
Key Points
1. A supply wall of 518.2 trillion SHIB tokens, held by over 166,000 addresses between $0.000014 and $0.000019, poses a critical resistance level for SHIB's price.
2. SHIB is currently trading around $0.00001324, consolidating below this resistance, with potential upward movement requiring significant buying pressure.
3. A robust support zone exists between $0.000008 and $0.000013, where approximately 108.16 trillion SHIB tokens were previously acquired.
4. Breaking above the 518.2 trillion SHIB supply wall could push the price toward $0.000014 to $0.000019, while failure may lead to increased volatility and a retracement to lower support levels.
5. Investors are advised to monitor broader market conditions and on-chain data to assess SHIB's next price movement.
Description
Shiba Inu (SHIB) is approaching a critical resistance level marked by a massive 518.2 trillion token supply wall, signaling a pivotal moment for its price trajectory. After a three-day rally,
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