The Key Breakout Level Every SHIB Trader Is Watching Right Now

• SHIB eyes breakout as price nears $0.00001233, a key psychological resistance level
• Breakout confirmation hinges on volume strength and candlestick structure integrity
• Long liquidations dominate near $0.00003000, marking it as a historical resistance zone

Shiba Inu (SHIB) is once again making headlines as bullish momentum pushes the token closer to its key resistance level. As of press time priced at $0.00001228, SHIB has seen a 2.66% rise in the last 24 hours, drawing more traders’ attention. 

Despite a minor 0.49% dip over the past week, the token’s steady climb from its recent sideways trading area has revived positive market sentiment. With a massive circulating supply of 590 trillion tokens, SHIB’s market cap now sits at approximately $7.23 billion.

SHIB KNIGHT: Can Buyers Break the $0.00001233 Resistance Zone?

Crypto analyst SHIB KNIGHT notes the SHIB/USDT pair currently tests critical resistance around $0.00001233. This price point previously served as a support and now acts as a strong psychological barrier. 

Traders have made several attempts to push through, suggesting growing buyer interest in recent sessions. If SHIB closes above this…

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