Shiba Inu continues to attract investor attention due to recent price movements and on-chain activity, signaling potential growth. Despite overall market uncertainty, SHIB shows resilience and remains appealing to those seeking returns. According to current data, 56.34% of SHIB holders are profitable at current price levels.
Key Support and Resistance Levels
Shiba Inu is focused on a price range between $0.000027 and $0.000029, representing a strong support zone. On the other hand, the resistance area between $0.000031 and $0.000033 remains a significant hurdle to sustain its upward momentum.
However, the current price range covers only 16–45% of active addresses, indicating limited market coverage. Despite this, 129–39 thousand profitable addresses highlight growing interest and support, which could lead to additional demand and accumulation if market sentiment improves.
Contradictory Signals in SHIB’s Price Activity
Recent price movements in SHIB show a retracement after reaching $0.000033, with a subsequent drop to $0.000031. However, this decline does not necessarily signal the end of a bullish outlook.
Increased trading volume and price recovery suggest SHIB could reignite its upward trajectory.
Immediate resistance: $0.000033
Critical support: $0.000026
If SHIB breaks through $0.000033, it could initiate a strong rally targeting prices of $0.000035 or higher.
Risks and Correction Possibilities
On the downside, if the $0.000022 zone is retested, SHIB could face deeper corrections, especially if it loses support at $0.000026. Its ability to maintain momentum and break through key resistances will be crucial for its future performance.
SHIB’s Future Depends on Broader Market Support
Rising network activity and user engagement indicate expansion potential, but a broader market recovery and stronger bullish sentiment will be essential for SHIB to strengthen its position. While 108 billion SHIB may seem substantial, the long-term success of this cryptocurrency will depend on sustained market support and its ability to maintain upward momentum.
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