SHIB Faces $0.0000123 Sell Wall While Support Holds Near $0.0000115
- The SHIB price trades close to $0.00001183, with resistance building at $0.0000123, as whales shape the current order book action.
- Buyers have defended the $0.0000115 support levels, while the major sell wall remains stacked at $0.0000123, above the market price.
- Whale activity has created a tight trading band, with SHIB holding between $0.0000115 as support and $0.0000123 as resistance levels.
Shiba Inu (SHIB) is confronting a significant sell wall positioned at $0.0000123, according to recent trading data. Market observers confirm the barrier remains a defining level for traders, even as liquidity shifts in other zones.
Sell Wall Dynamics and Market Activity
Analysts report that the sell wall at $0.0000123 is holding firm despite recent adjustments in nearby market activity. The presence of such a wall reflects concentrated selling orders placed by large holders, often referred to as whales. These sell orders create a ceiling that can slow upward momentum unless absorbed by buying demand.
Additional data reveals that an earlier sell wall near 115,000 units has disappeared from the order book. Its removal reduces resistance at that level but leaves the larger barrier intact at 120,000 units. The persistence of this key zone highlights its role as the main obstacle for buyers.
Meanwhile, the $STC CVD indicator shows continued accumulation from whales, suggesting steady buying pressure despite the overhead resistance. The balance between these two forces—whale buying and whale selling—defines SHIB’s immediate trading range.
Support and Resistance Zones on the Chart
The chart illustrates both upper resistance levels and lower support zones. Multiple red zones highlight heavy supply areas above the current price. These include levels near $0.0000127 and $0.0000130, which could act as further barriers if price approaches them.
On the downside, green zones indicate strong support levels that have withstood recent pullbacks. Buyers previously stepped in near $0.0000115, creating a platform for price recovery. The chart suggests that these areas remain critical for maintaining upward potential.
At press time, SHIB trades around $0.00001183. Price has oscillated within a narrow band, with repeated tests of both support and resistance. Each attempt to break higher has encountered immediate selling pressure, underscoring the strength of the sell wall.
Traders, therefore, watch the $0.0000123 level as a decisive marker. A successful breakout would require substantial volume to overcome the stacked orders. Until then, the price is expected to remain constrained between the resistance above and the support below.
Market Implications and Key Question
The presence of strong whale activity signals heightened interest in SHIB’s short-term direction. With whales actively defending resistance while simultaneously buying lower levels, the token sits at a pivotal juncture.
Community discussions note that the balance between these forces will shape the next significant move. If buying demand continues to grow, pressure may eventually overwhelm the resistance at $0.0000123. However, if sellers continue to stack orders, upside momentum could remain muted. The question now facing the market is clear: can SHIB buyers generate enough force to absorb the heavy sell wall at $0.0000123 and spark a breakout?
The answer will determine whether SHIB continues consolidating near current levels or begins a new phase of upward acceleration. Until clarity emerges, traders remain cautious while tracking whale behavior and order book dynamics closely.
