Shiba Inu is back in action this week, posting a solid 19% gain as momentum picks up across the crypto market.
Over the past week, SHIB went $0.000011 on July 8 to $0.00001386 by July 11. This bounce occurred during the same period that the Bitcoin price surged to $118,000. While SHIB price didn’t hit a new yearly high, it outpaced Bitcoin in percentage gains during that short rally.
Bitcoin later pushed even higher to $123,200 earlier this week. In contrast, SHIB only reached $0.00001415, still short of its May high of $0.000017. That’s where the roadblocks start to show. According to onchain data shared by The Crypto Basic, there are several resistance zones ahead that could slow SHIB down on its path back to $0.000035.
The first level of resistance is situated precisely where the SHIB price is trading, between $0.000011 and $0.000014. More than 43,000 wallets bought around 25 trillion tokens in this zone. When price returns to the range where many investors bought in, it often leads to selling as traders aim to break even or lock in small profits.
Onchain Data Shows Levels #ShibaInu Must Breach Before It Can Reclaim $0.000035. #SHIB 🧵🧵🧵 pic.twitter.com/iHj8qLPZ7i
— TheCryptoBasic (@thecryptobasic) July 16, 2025
If Shiba Inu manages to break through that level, it runs into a much bigger hurdle between $0.000014 and $0.000019. This range is loaded with more than 511 trillion SHIB, held by roughly 150,000 wallets. That much supply could cause heavy sell pressure as holders look to exit at breakeven. This is the largest resistance zone standing in SHIB’s way.
Beyond the current zone, there are three more key levels worth watching. Between $0.000019 and $0.000024, around 135,000 wallets hold a combined 175 trillion SHIB. The next cluster sits between $0.000024 and $0.000029, where 186,000 addresses control nearly 31 trillion tokens. The final area of interest before SHIB price can retest the $0.000035 mark is between $0.000029 and $0.000035.
That $0.000035 price was last witnessed in March 2024 during a strong meme coin rally when SHIB reached near $0.000045. If the token can push through all of these supply clusters, the move toward its all-time high of $0.000088 might face less friction.
So far, SHIB recent price recovery has been encouraging, but it still has work to do. This data shows that a lot of holders are sitting in these price zones, likely waiting to break even or cash out. For SHIB to keep climbing, buyers will need to power through these resistance levels with strong volume and steady momentum
Read Also: Litecoin (LTC) Price Is Going to $1,000, Analyst Explains Why
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