# Could Shiba Inu Soar by Half? The Crucial 549 Trillion SHIB Assessment
Bow wow! Shiba Inu, the digital token that grabbed the attention (and investments) of many, is encountering a crucial assessment that could determine its subsequent substantial price fluctuation.
A vital juncture for SHIB owners and dealers is approaching, as Shiba Inu is up against a considerable price bracket that presently contains 549 trillion SHIB. Surpassing this benchmark could spark a 50% upswing.
As per IntoTheBlock figures, Shiba Inu is facing considerable obstruction in the $0.000014 to $0.000019 area, where 165,890 locations possess 549.14 trillion SHIB, acquired at an average cost of $0.000016.
Traditionally, this extensive supply excess has been a robust impediment, hindering considerable price escalations. For SHIB to surge notably, it must conquer this supply obstacle with potent purchasing impetus.
Following three successive days of upticks, Shiba Inu’s price declined on March 16, peaking at $0.00001382, implying a near-term challenge before $0.000014. The bulls’ intention is twofold: initially, they are endeavoring to uphold SHIB’s price and avert further reductions; subsequently, the bulls aspire to exceed the $0.000014 threshold, which will be vital for SHIB to assess the 549 trillion SHIB supply. Ethereum Falls Sharply, But Some Hyperliquid Dealers Earned a Fortune: $86 Million Gain!
Currently, Shiba Inu is being exchanged at $0.0000126, a 3.69% decrease from the prior day.
Based on IntoTheBlock figures, 27.17 trillion SHIB tokens are possessed between $0.
At the moment, concerning the Shiba Inu Coin exchange value, there exist 53,910 locations that have obtained the currency at rates of $0.000012 and $0.000014, correspondingly.
## What is the Prospective Path of Shiba Inu Coin?
Nevertheless, an inability to progress could bring about an interval of strengthening or perhaps a value decline. Support is predicted at the $0.0000108 mark, which averted Shiba Inu Coin from diminishing on March 11 and set off a value rebound. If Shiba Inu Coin can effectively progress through the resistance degree of 5.49 trillion coins, it might achieve the upper boundary of the $0.000019 resistance variety, which signifies a rise of approximately 50% from the existing value stage.
The digital currency society is intently observing the subsequent action of Shiba Inu Coin. All consideration is on whether or not this dog coin can pass this vital test and commence a fresh phase of bull market. In the near term, the value of Shiba Inu Coin may be impacted by marketplace circumstances and trader feeling.
This week, the marketplace will concentrate on the Federal Reserve’s two-day strategy conference, which commenced on Tuesday, and the financial strategy declaration issued by the Federal Reserve on Wednesday.
