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Stubborn Resistance Threatens Shiba Inu’s Fragile Recovery Near Crucial Breakdown Level
While most cryptocurrencies struggle to regain their footing after recent market turbulence, Shiba Inu has sparked cautious optimism among its dedicated community. The popular meme coin currently trades around $0.00001460, showing a nearly 30% recovery in recent days. However, this fragile upward momentum faces serious challenges.
Technical analysis reveals that SHIB must break through stubborn resistance at $0.0000172 to maintain its recovery trajectory. This level acts like a ceiling that keeps pushing the price down whenever it tries to climb higher. Below this, shorter-term resistance hovers between $0.0000165 and $0.0000172, creating multiple barriers for bulls to overcome. Chart analysts have identified a bullish divergence pattern suggesting potential for significant upside movement.
SHIB faces a stubborn ceiling at $0.0000172 that repeatedly blocks upward price momentum
The community hasn’t been sitting idle during these challenging times. Token burns have intensified dramatically, with nearly 38 million SHIB destroyed in a single day. These burns work like removing coins from circulation permanently, theoretically making remaining tokens more valuable. Shibarium’s automated burning mechanisms have pushed the burn rate even higher, showing the ecosystem’s commitment to reducing the massive supply. Like many meme coins, SHIB’s community vibes foster a strong sense of belonging that helps sustain value during market downturns.
Despite these efforts, reality check time arrives when examining the numbers. SHIB remains down 84% from its 2021 peak, and over 584 trillion tokens still circulate. That’s a lot of zeros to overcome. Price predictions for 2025 suggest potential fluctuations between $0.0000137 and $0.0000721, indicating continued volatility ahead.
The support level at $0.000014 represents a critical line in the sand. If SHIB drops below this point, the recent recovery could unravel quickly. Think of it as the floor holding up the current price structure – remove it, and things could get messy.
Looking forward, some analysts dream big with targets like $0.00024 or even $0.0058, though these require perfect storm conditions. ChatGPT’s analysis suggests the $0.00024 target could materialize between late 2025 and mid-2026, contingent on a strong bull market and aggressive token burn initiatives. A confirmed breakout above current resistance could trigger renewed market confidence and attract fresh capital. However, the path forward demands patience from hodlers.
Shiba Inu’s recovery story remains unwritten. While community initiatives and technical patterns offer hope, the stubborn resistance levels and massive circulating supply present real obstacles. For now, SHIB walks a tightrope between breakdown and breakout, with its dedicated army watching every move.
