Breaking through resistance levels is crucial for Shiba Inu (SHIB) to reach its target of $0.00006. Despite a recent surge driven by Bitcoin's performance, SHIB faces significant hurdles, with major sell walls hindering further gains. Overcoming these obstacles requires confident closures above resistance levels, notably at $0.000027. Additionally, SHIB encounters multiple supply walls on its path to $0.00006, with the largest involving 140,260 addresses holding 19 trillion SHIB tokens. Despite challenges, SHIB maintains a considerable number of addresses in profit, reflecting its earlier spike beyond $0.00001. In essence, SHIB's journey to recovery is marked by formidable obstacles, yet potential exists for bullish momentum to drive its ascent amid positive market sentiment and Bitcoin's resurgence. (Source: thecryptobasic.com)
