Today, the price of Shiba Inu (SHIB) has surged by nearly 10%, reaching key support levels. The next important barrier for SHIB is at $0.00003, which was lost earlier this year but may be regained. On-chain data shows that there is a significant amount of SHIB worth $1.58 billion being held at this price level, which could act as a resistance. If buyers are able to absorb this potential sell-off, SHIB's price will receive a significant boost. Currently, there are 356,120 addresses holding SHIB that are experiencing losses, and they may start selling. The question remains as to whether the buying power of the bulls will be sufficient to absorb this liquidity and whether those with negative positions on SHIB will sell at break-even.



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