Shiba Inu’s Wild Ride: Can Bulls Jump Over 38 Trillion SHIB? 🐕💰

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Well, well, well! Shiba Inu (SHIB) is back in the game, folks! It’s like the crypto market had a double espresso and decided to bounce back. But hold your horses! There’s a big ol’ hurdle on the chart that could either launch us to the moon or send us crashing down like a bad comedy skit! 🎭

According to some fancy on-chain data, a whopping 38 trillion SHIB tokens are lounging around near the current price level, forming a resistance zone that’s as tough as my Aunt Edna’s meatloaf! To get SHIB soaring, our brave bulls need to break through this supply barrier like it’s a piñata at a birthday party! 🎉

As of now, SHIB is strutting its stuff with a 1.12% increase in the last 24 hours, sitting pretty at $0.00001216. But don’t get too comfy, because the next stop is $0.000013, and let me tell you, it’s not going to be a walk in the park! 🏞️

Now, according to IntoTheBlock data (which sounds like a hipster coffee shop), a significant number of tokens were snatched up near the $0.000013 level. Between $0.000012 and $0.000013, 67,020 addresses are holding onto 38.17 trillion SHIB like it’s the last slice of pizza at a party! 🍕

Those holders who bought in at or near $0.000013 are itching to break even or cash in their chips, which could create some serious selling pressure. It’s like trying to get a table at a crowded restaurant—good luck with that! The supply cluster acts like a ceiling, where sell orders could rain down and drown any upward rally. For the bulls to keep the party going, they need to outpace the sell-side liquidity above. 🐂💨

Shiba Inu Charts: The Comedy of Errors Continues!

SHIB has been gaining a smidge of bullish momentum lately, as the broader market seems to be recovering faster than a bad joke! After Thursday’s dip, Shiba Inu bounced back from a low of $0.00001167 to $0.00001247 on Friday. Talk about a comeback! 🎤

Now, as we roll into Saturday, the next hurdle is the daily SMA 50 at $0.00001257. This crucial barrier has been capping Shiba Inu’s price since December 2024, like a bad haircut that just won’t grow out! 💇‍♂️

In the coming days, all eyes will be on whether SHIB can break above this key barrier and reclaim the $0.000013 level. If they pull it off, they’ll face another hurdle between $0.000013 and $0.000014, where 19 trillion SHIB are held by 37,040 addresses. And let’s not forget the massive hurdle lurking between $0.000014 and $0.000019, where a staggering 545 trillion SHIB are held by 161,660 addresses. It’s like a game of musical chairs, and I hope you’re ready to dance! 💃🕺

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2025-04-19 18:39