Shiba

Resistance

Shiba Inu

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 <p>Shiba Inu, a prominent meme coin, has been grabbing headlines with its recent price fluctuations. SHIB has positioned itself as a serious contender, engaging in head-to-head competition with the well-known Dogecoin.</p> 
 <p>Despite its notable achievements, including a recent surge that led to the deletion of one zero from its price, SHIB has experienced a sudden reversal. The meme coin swiftly added another zero to its price, according to the latest data.</p> 
 <p><strong>Also read: Shiba Inu Investor Turns $8,000 to $5.7 Billion, Here’s How</strong></p> 
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 <h2 class="wp-block-heading" id="h-shiba-inu-faces-major-resistance">Shiba Inu faces major resistance</h2> 
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 <p>Renowned crypto trader Ali weighed in on Shiba Inu’s recent developments in a tweet. The tweet highlighted the coin’s impressive 55% surge in the last three months, even as it maintained a relatively subdued presence during the recent altcoin season.</p> 
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    <p lang="en" dir="ltr">#ShibaInu has seen a 55% increase in the last 3 months, staying relatively quiet during the recent altcoin season. <br><br>While there's potential for growth ahead, $SHIB faces a major resistance zone. Nearly 90,000 addresses hold over 422 trillion #SHIB at $0.000016. pic.twitter.com/LE6kpLb1Or</p>— Ali (@ali_charts) December 9, 2023
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 <p>While SHIB has shown resilience and potential for growth, it faces a formidable challenge in the form of a major resistance zone. The tweet points out that nearly 90,000 addresses currently hold a substantial 422 trillion SHIB at $0.000016. This concentration of holdings suggests a critical juncture for SHIB, where overcoming resistance becomes paramount for future upward momentum.</p> 
 <p><strong>Also read:&nbsp;Shiba Inu To 1 Cent? Google Bard Predicts When SHIB Could Hit $0.01</strong></p> 
 <p>The recent deletion and addition of zeros underscore the inherent volatility in meme coins. The overall market has also faced a decline, with BTC dropping below $42,000.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-adds-another-zero-analyst-warns-of-major-resistance-tbt73252.html">https://thebittimes.com/shiba-inu-adds-another-zero-analyst-warns-of-major-resistance-tbt73252.html</a></p>

Shiba Inu Adds Another Zero; Analyst Warns of Major Resistance

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TheBitTimes

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