The Shiba Inu cryptocurrency is facing a significant resistance level, with more than 515 trillion SHIB tokens positioned at a critical price range. Although SHIB has stabilized after a recent correction, holders who bought at higher prices are putting selling pressure on the asset. The current price range of around $0.000016 corresponds to a concentration of tokens bought at higher prices. Many investors want to sell at break-even or with minimal profit. To break through this resistance, SHIB needs a large increase in buying pressure. If successful, SHIB may retest higher resistance levels at $0.000020 and above. However, if the resistance is not overcome, there may be consolidation or a pullback towards the support level at $0.000014. Overcoming this resistance level is seen as a pivotal point for Shiba Inu's future growth.



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