Shiba Inu (SHIB) Breaks Resistance as Bulls Absorb 7 Trillion SHIB

Shiba Inu (SHIB), the second-largest meme cryptocurrency by market, is exploding higher, up over 6% today as it breaks key resistance levels. Bulls in the Shiba Inu market have managed to absorb a staggering seven trillion SHIB, fueling a significant price surge.

Shiba Inu (SHIB) has breached the crucial $0. resistance level, a key indicator of bullish momentum. This breakout comes as Shiba Inu (SHIB) nears key resistance at $0. after a period of consolidation. Cetoex News reports that despite a stagnant position, SHIB tests critical support as a descending wedge nears breakout, suggesting strong underlying buying pressure.

The bullish sentiment is further supported by increased trading volume and positive on-chain metrics. While SHIB faces major resistance as bulls struggle to break through a 476 trillion token sell wall, the absorption of 7 trillion SHIB demonstrates strong conviction among buyers.

With 537T tokens, Shiba Inu (SHIB) presents a unique investment opportunity. The current breakout suggests a potential continuation of the upward trend, although investors should exercise caution and conduct thorough research before making any investment decisions. Monitor the $0. level closely for confirmation of sustained bullish momentum.