At the time of writing, SHIB was down 3.89% in the last 24 hours to $0.00001733. With price consolidation currently happening around the 430 trillion SHIB token range, several potential outcomes are possible. If SHIB bulls can push the price above this cluster with sufficient volume, a breakout may occur. This might trigger a buying frenzy, leading to a sharp price increase. Such a move could entice retail traders and increase momentum. In this scenario, Shiba Inu's next major resistance lies at $0.000019 and $0.000024 where 96.98 trillion SHIB are being held by 95,440 addresses. Related Wed, 10/09/2024 - 15:58 1.99 Trillion SHIB in 24 Hours — Why Are Shiba Inu Whales Staying Put? Tomiwabold Olajide On the other hand, SHIB might remain in its consolidation phase for a little while longer, fluctuating within the 430 trillion token cluster. This would upset traders seeking immediate returns, but it might provide price stability for long-term holders. If SHIB fails to sustain within the 430 trillion SHIB price cluster and breaks below key support levels, bears may seize control, resulting in a possible decline in price. In this scenario, Shiba Inu's next major support sits at $0.000014 and $0.000017 where 128.58 trillion SHIB are being held by 88,350 addresses.