CandleFocus Shiba Inu's Next Move: 162 Trillion SHIB Holds Key
2025-01-31
Author: Content Editor
Dog-themed cryptocurrency Shiba Inu (SHIB) is approaching a crucial resistance level at 162 trillion SHIB, which could determine its next market move. The current holding at this range presents a major hurdle for SHIB to sustain its rebound, and holders may look to take profits if the price reaches this level. A breakout may occur if buying momentum outweighs selling activity, but a failure to breach the resistance level could result in further consolidation or a potential pullback. Additionally, Shiba Inu's ecosystem has recently been upgraded with the launch of ShibTorch V2, which brings advanced features to the burn process and contributes to SHIB's deflationary strategy to reduce supply and enhance sustainability.
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