DeFi & NFT
By James Thorp
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Shiba Inu (SHIB) is showing renewed signs of life, rising alongside broader market sentiment.
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This barrier, located between the price range of $0.000012 and $0.000013, has historically acted as a strong ceiling for SHIB’s price action.
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At the time of writing, SHIB is trading at $0.00001216, marking a 1.12% increase over the last 24 hours. The next target for bulls is clearly the $0.
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Historical Resistance Returns as Bulls Test Key Levels
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The cluster of tokens held between $0.000012 and $0.000013 is not new. This resistance has remained in place since December 2024, with multiple failed attempts to breach it.
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What makes this supply zone particularly significant is the psychological impact it has on investors.
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This type of behavior is common in crypto markets, where clusters of previously underwater investors look to break even once the asset approaches their entry point.
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Short-Term Momentum Builds, But Eyes Remain on $0.000013
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Despite this looming hurdle, Shiba Inu has started to regain some bullish traction. After slipping to a low of $0.00001167 during Thursday’s market dip, SHIB rebounded to reach $0.
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For SHIB, the next technical barrier lies at the 50-day simple moving average (SMA), currently positioned around $0.00001257.
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Traders will be watching closely over the coming days to see if Shiba Inu can finally break and sustain movement above this key line.
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Higher Resistance Levels Await Beyond $0.000013
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Even if Shiba Inu manages to breach the $0.000013 resistance, more hurdles lie ahead. Data from IntoTheBlock highlights another resistance cluster between $0.000013 and $0.
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These supply zones suggest that SHIB bulls will need sustained buying momentum and market support to make meaningful gains.
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For now, investors and traders alike remain focused on whether Shiba Inu can clear the 38 trillion token wall near $0.000013.
The Currency Analytics
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