
Shiba Inu (SHIB) on Verge of Exiting Top 20, But What Can Save Its Momentum?
According to the recent update from IntoTheBlock, it seems that Shiba Inu’s path to recovery is not without its obstacles. The data suggests that there are significant hurdles ahead for SHIB in terms of price movement.
Firstly, we have a crucial resistance zone between $0.000013 and $0.000014 where 10.25 trillion SHIB are being held by 11,000 addresses. This is followed by an even more substantial barrier, which if breached could unlock massive gains for the investors holding onto their tokens. These barriers sit within the range of $0.000014 to $0.000019, where a staggering 550.28 trillion SHIB are being held by no less than 170,350 addresses.
Technically speaking, breaking above the daily moving averages at $0.0000161 and $0.0000192 would signal a strong reversal in momentum, which could potentially pave the way for further gains.
Source: https://u.today/shiba-inu-on-verge-of-exiting-top-20-what-might-save-it