Shiba Inu is showing signs of strength on the charts, but it’s currently facing a major obstacle: resistance at the $0.000017-$0.000019 price range, representing a massive 476 trillion SHIB. On-chain data shows that over 46% of all SHIB holders – more than 461 trillion tokens – are holding at break-even near this zone, creating significant technical and psychological resistance to further gains. 46% of all SHIB holders are currently holding at a break-even price close to this area. 46% of all SHIB holders are currently holding at a break-even price close to this zone. 46% of all SHIB holders are currently holding at a break-even price close to this zone. 8.9% daily candlestick, with robust volume, is supporting the asset’s current trajectory. This breakthrough has put SHIB on the brink of reversing its trend, but it’s currently battling resistance within the range of $0.00001734. Many addresses are holding out to secure profits or break even at this point. 8.9% daily candlestick, with robust volume, is supporting the asset’s current trajectory. This breakthrough has put SHIB on the brink of reversing its trend, but it’s currently battling resistance within the range of $0.00001734. Many addresses are holding out to secure profits or break even at this point. Despite impending supply pressure and a recent consolidation period beneath 50, 100, and 200 EMAs, SHIB’s breakout signals a shift in market sentiment. The RSI is currently hovering close to overbought territory at 71.80 – an indicator of strong buyer interest. The momentum favors bulls. A decisive rally towards $0.000024 or higher is possible if the resistance is broken, but a drop below $0.000015 or even $0.0000145 is likely if this hurdle is not cleared. The next phase of SHIB’s journey depends on its ability to break through this historically strong resistance. The battle lines are drawn – it’s time for a decisive move.