Shiba Inu Eyes $0.00002 Amid Strong Rebound and On-Chain Support

Shiba Inu (SHIB) is showing signs of recovery after a sharp crypto market sell-off earlier this week triggered by macroeconomic pressures. The meme coin surged from $0.00001029 to $0.00001214 on Wednesday, briefly dipped on Thursday, and then resumed its rebound Friday, hitting $0.00001238 early Saturday.

This renewed momentum has sparked optimism among investors, with many eyeing a potential move toward the $0.00002 mark. However, SHIB faces key resistance levels that could define its short-term trajectory. According to data from IntoTheBlock, two major price clusters stand in the way. The first lies between $0.000013 and $0.000014, where 28.41 trillion SHIB are held by over 38,000 addresses. This zone could see holders taking profits or reinforcing their positions depending on sentiment.

The second and more formidable barrier is between $0.000015 and $0.000019. Here, 548.5 trillion SHIB are concentrated in 169,100 wallets, making it a crucial resistance zone. Clearing this cluster would signal strong bullish conviction and open the door for a breakout to $0.00002.

SHIB’s price movement will likely hinge on broader market sentiment in the coming days. If bullish catalysts return to the crypto space, including renewed investor confidence and macroeconomic stability, Shiba Inu’s path to $0.00002 could become increasingly viable. With high activity from whales and positive on-chain data, the meme token remains one to watch in the short term.

Investors are advised to keep an eye on SHIB’s interaction with these resistance levels, as a successful breakout could mark a new bullish phase for the token and potentially recover recent losses.