Shiba Inu (SHIB) is confronting a major price barrier created by a substantial supply wall of approximately 518.2 trillion tokens.
This resistance zone, spanning $0.000014 to $0.000019, represents holdings from over 166,000 unique addresses. Overcoming this concentration of tokens requires significant buying pressure as SHIB currently consolidates near $0.00001324.
A substantial support foundation exists between $0.000008 and $0.000013, where approximately 108.16 trillion SHIB tokens were previously accumulated. This range may potentially mitigate downward movements if resistance proves formidable.
Breaking through the 518.2 trillion SHIB barrier could propel the token toward the $0.000014-$0.000019 bracket. Alternatively, rejection at this level may increase volatility and trigger a retreat toward lower support thresholds.
Market participants are monitoring broader crypto conditions and on-chain metrics for signals regarding SHIB’s directional momentum amid these critical technical levels.