Shiba Inu (SHIB) Expected to Take Off Once Stiff Resistance at $0.000017 is Crossed.

IntoTheBlock data reveals an absence of any crucial resistance beyond the $0.000017 level.

Shiba Inu (SHIB) is expected to rally without any major opposition once it conquers the stiff resistance at the $0.000017 price point. Veteran analyst Ali Martinez made this assertion in a recent analysis, highlighting the potency of the resistance at the $0.000017 territory.

Citing data from on-chain analytics resource IntoTheBlock, Ali pointed out that SHIB is likely to face fierce opposition as it approaches $0.000017 which would test the asset’s strength. This is due to a concentration of buyers at the price level, as 93,000 addresses are seen to have purchased 465 trillion SHIB at an average price of $0.000017.

(By ALBERT BROWN)