Shiba Inu (SHIB) is facing a major hurdle as it approaches a resistance level where 422 trillion SHIB tokens are being held by multiple addresses. This supply wall could lead to selling pressure and hinder SHIB's ability to rise further in the short term. Overcoming this resistance will be crucial for SHIB's price trajectory, and a rally in the broader crypto market could reignite buying interest and push prices above resistance levels. The current price is locked in a range between daily moving averages, and a breakout in either direction will indicate SHIB's next move.



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