The cryptocurrency Shiba Inu (SHIB) is currently facing a challenging situation as it struggles between important support and resistance levels. Despite a recent rally in price, SHIB is now trapped between $0.000021 and $0.000026 and is facing significant resistance. On-chain data shows that there are a large number of addresses that are out of the money, making it difficult for SHIB to gain traction. Breaking either side of this range could determine SHIB's future. The daily price chart shows consolidation near the 50-day moving average, and if the price faces downward pressure, the 100 EMA and the support zone of $0.000021 could act as a buffer. Breaking above $0.000026 would be crucial for SHIB to regain bullish momentum. If SHIB holds its support at $0.000021, it may consolidate further and attempt a breakout towards $0.000026. However, failing to maintain this support could lead to a decline towards $0.000018. The available data presents a conflicting image for SHIB's future, and investors will need to closely monitor both technical and on-chain developments to predict its next move.



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