#XmasCryptoMiracles 🐶 Shiba Inu resistance to watch
According to data from IntoTheBlock, a total of 73.96 trillion Shiba Inu faces a huge sell wall around the $0.000027 price mark. Notably, this level threatens the ongoing rally for the #memecoin🚀🚀🚀 , as breaching the smaller $0.000023 level remains daunting.
At this latter level, 36,810 addresses bought 56.62 trillion worth of SHIB, most of which might be sold off if the price reclaims the $0.000023 mark. If $SHIB
investors resist the temptation to liquidate amid market uncertainty, the $0.000027 level might greatly hinder growth.
Whether or not the token will chart ambitious growth beyond this price level hinges on Bitcoin's price. If the big coin attempts to reclaim a new all-time high (ATH) above $108,000, the ripple effect of the hype might also trigger a bullish Shiba Inu run.