• Over 141,000 addresses holding 537 trillion SHIB are underwater at current prices.
• SHIB trades above the 50-day EMA and reclaims $0.000013, signaling bullish momentum.
• Failure to break resistance may push SHIB back to the $0.0000125–$0.0000130 support zone.

Shiba Inu (SHIB) has reached a major milestone in its price movement, as recent market momentum pushes the popular meme token toward a critical resistance level that could determine its short-term fate. Following a 4% increase, SHIB is currently trading at approximately $0.0000140 and is moving closer to a formidable barrier that has historically prevented further upside.

On-chain data from IntoTheBlock reveals a dense resistance zone between $0.000014 and $0.000017. This is where over 141,000 addresses currently hold more than 537 trillion SHIB tokens. This massive concentration is one of the largest clusters of out-of-the-money holders. These are investors who purchased SHIB at a higher price and currently wait for a return on investment.

If Shiba Inu is unable to overcome this obstacle, selling pressure will rise as underwater holders take the opportunity to close out their positions at smaller los…

The post Shiba Inu Approaches Critical Resistance Zone With 537 Trillion SHIB at Stake appeared first on Coin Edition.

• Over 141,000 addresses holding 537 trillion SHIB are underwater at current prices.
• SHIB trades above the 50-day EMA and reclaims $0.000013, signaling bullish momentum.
• Failure to break resistance may push SHIB back to the $0.0000125–$0.0000130 support zone.

Shiba Inu (SHIB) has reached a major milestone in its price movement, as recent market momentum pushes the popular meme token toward a critical resistance level that could determine its short-term fate. Following a 4% increase, SHIB is currently trading at approximately $0.0000140 and is moving closer to a formidable barrier that has historically prevented further upside.

On-chain data from IntoTheBlock reveals a dense resistance zone between $0.000014 and $0.000017. This is where over 141,000 addresses currently hold more than 537 trillion SHIB tokens. This massive concentration is one of the largest clusters of out-of-the-money holders. These are investors who purchased SHIB at a higher price and currently wait for a return on investment.

If Shiba Inu is unable to overcome this obstacle, selling pressure will rise as underwater holders take the opportunity to close out their positions at smaller los…

The post Shiba Inu Approaches Critical Resistance Zone With 537 Trillion SHIB at Stake appeared first on Coin Edition.