SHIB price touched highs of $0.00001005 before facing rejection
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But before SHIB can successfully erase a zero, it must overcome a significant challenge: a 151 trillion SHIB level that lies in between the range of $0.000010 and $0.000013. This level represents a strong resistance zone, where a large number of sellers might emerge and drive the price lower.This means that these investors are currently underwater and may be tempted to sell their SHIB to break even or reduce their losses. As a result, SHIB bulls will need to resist selling pressure and absorb supply to break above this level.
As SHIB approaches the crucial 151 trillion token level, bulls are gearing up for what could be a monumental showdown. A breakthrough would mark a substantial achievement forShiba Inu has climbed in tandem with the crypto market recently, a factor that might boost the SHIB price in the days ahead. With Bitcoin and Ethereum recently reaching fresh highs, investors might shift their attention to lesser caps in search of substantial returns.
As SHIB prepares for a potential showdown at the 151 trillion Shiba Inu barrier, the cryptocurrency community watches with bated breath. Whether SHIB can overcome this hurdle and embark on a new bullish cycle remains to be seen.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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