u.today
Shiba Inu ($SHIB) has been shining green today, but it is walking straight into a wall — and not a small one. On-chain data by IntoTheBlock shows more than 22.7 trillion $SHIB sitting just above the current price, spread across over 49,000 addresses. Let's be honest, that is a lot of potential sell pressure waiting to be triggered.
The current $SHIB price is quoted around $0.00001293, and from here up to $0.000015, the map turns red. These are the so-called “out-of-the-money” holders — addresses that bought highs and are now suffering either waiting to break even or minimize their losses.
The heaviest cluster? Right at $0.000014.
That is the setup bulls are dealing with now. It is not just about breaking a line on a chart — it is about going through a concentrated stack of tokens from holders who may be looking to exit. And with the largest chunk of resistance sitting just one step above the current range, $SHIB does not have much breathing room.
That kind of volume at a known price level gives the market something clear to work with. Either buyers step in with enough strength to absorb it, or the price stalls out — again — and retraces.
Structurally, the Shiba Inu coin has been steady. It held support near $0.00001107 and climbed. What it has not done yet is flip any major resistance levels — and $0.000014 is the first major one on that list.
So, is this the breakout setup, or just another pause before a reset? With more than 22 trillion tokens potentially standing in the way, the answer will not take long to show up on the chart.