Crypto
Shib Inu Price Reaches Make-or-Break Zone Amid Whale Buying and Shibarium Upgrades
The Shiba Inu price is trading at a crucial breakout zone near $0.00000480, where it has been defending support around $0.00000450-$0.00000465.
Whale withdrawals of approximately 74 billion SHIB have reduced immediate sell-side pressure, even as retail activity remains weak.
The broader outlook for SHIB is supported by Shibarium upgrades and Japan's Green List approval.
A chart shared by Shib Spain shows SHIB pressing against a key resistance area near $0.00000465, with the setup being easy to understand.
The 4-hour SHIB chart analysis reveals that buyers have been defending higher lows on the digital token, and a break above the 4-hour SMA 100 at $0.00000480 would confirm a bullish momentum shift.