✦ Critical Level in the Shiba Inu Path ✦
The SHIB token is currently moving near an important resistance level, where it is estimated that around 80 trillion units are still available on trading platforms. This large volume of coins could create selling pressure on the price if a portion of investors decides to sell their holdings simultaneously.
▣ Although the price has shown relative stability recently, the market structure still leans towards weakness, which means that the bearish trend has not completely disappeared yet.
◆ In contrast, blockchain data indicates a net outflow of coins from trading platforms, which is a relatively positive factor as it reduces the amount available for immediate sale in the market.
✧ If the quantity stored on platforms clearly drops below 80 trillion units, this could tighten supply and open the door for a stronger recovery in the price of SHIB.
