Shiba Inu (SHIB) is preparing to cross a critical threshold as it approaches a key support zone of 55 trillion coins. This zone, the price range between $0.000024 and $0.000025, could be a harbinger of a potential upward move and stands out as a key point of market resistance. This support level performs strongly during periods of volatility.
According to COINOTAG, “The intense buying activity in this support zone is creating a strong foundation that could have a significant impact on SHIB’s future price movements.” Shiba Inu is moving towards a support zone where investors are making significant purchases, which is stabilizing the price and triggering a move towards growth.
According to recent on-chain analysis, around 40,000-56,000 addresses are holding SHIB tokens heavily between $0.000024 and $0.000025. This area is a critical support line for SHIB, and also an area where investors are making strategic buy decisions. As SHIB price continues to trade at this level, market participants are closely monitoring the token’s movements amid broader market volatility.
The 50-day exponential moving average (EMA) further increases the importance of SHIB trading at this support level. Similar price patterns have historically led to strong price gains as long as external market conditions remain stable. Analysis shows that approximately 47.65% of investors holding SHIB are currently in profit, indicating healthy accumulation in the market and potential profit realization could increase over time. This could be a key factor in understanding how SHIB will respond to future market triggers.
While current market analysis is generally positive, it is important that SHIB can sustain this critical support area. If SHIB loses the 0.000024 level, there is a possibility that the selling pressure from approximately 115.25 thousand investors who are currently at a loss will increase. This could cause the price to pull back to the next important support level of 0.000021. Such risks are an additional warning for investors and indicate that traders should shape their strategies accordingly.
Changing trading volumes can provide important clues about market movements. According to the latest data, there is a decrease in trading volume and a consolidation phase is being entered. This indicates lower volatility in SHIB’s price movements and suggests that traders should re-evaluate their positions. This calmness in the market may be a waiting period before future major movements.
As a result, the $0.000024-$0.000025 range is a key support area for Shiba Inu. Strong buying activity at this level and stable market support could lay the groundwork for a possible rally for SHIB. However, losing this level could lead to deeper price pullbacks, so traders will need to watch both technical and market dynamics closely.