Despite facing resistance at a crucial price level, investor confidence in Shiba Inu (SHIB) remains high. Holders are continuing to accumulate the token, leading to a significant reduction in available supply on exchanges. The sustained accumulation suggests a belief in future price appreciation. The macro momentum for SHIB is also bullish, with long-term holders controlling a majority of the tokens in circulation. The altcoin aims to break through resistance levels and potentially recover losses. If momentum builds, SHIB could see further gains and increased investor confidence. However, failure to break resistance could result in a bearish reversal and extended losses for SHIB.



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