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TheNewsCrypto

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Shiba Inu at Critical Resistance Level, Needs Breakout for 114% Rally Potential

  • Shiba Inu has experienced a 14.4% drop in the past week to reach the current level of $0.00001423.
  • Key resistances are identified at $0.000015 and $0.000017 levels, indicating crucial breakout points for potential bullish continuation.
  • Whale accumulation has increased by 1.6% despite the price downtrend, suggesting a shift in SHIB ownership dynamics.
  • Technical analysis points towards a consolidation phase that could lead to a trend reversal if specific resistance levels are surpassed, with the possibility of a 114.29% gain if breakout occurs.

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