Currently, $SHIB
is trading at $0.00002489, up 3.2% over the past 24 hours. Shiba Inu has been hovering around the $0.000025 territory over the past few days, with notable crypto expert Ali Martinez identifying a major resistance at this level.
According to Martinez, about 40,150 addresses acquired 54.6 trillion #SHIB، for an average price of $0.000025, posing a major resistance to the token. As Shiba Inu attempts to surpass this level, some of these addresses would likely sell their holdings to secure profit, presenting a roadblock to any rally.
However, if SHIB successfully overcomes this resistance, Martinez expects the token to soar to around $0.000039, citing the formation of a bull flag pattern on Shiba Inu’s chart.