Shiba Inu is showing promising signs of a breakout, trading 10% higher in the past week and approaching a crucial juncture. A strong upward move could lead to significant gains, but failure to break through resistance levels may result in a reversal. On-chain data from IntoTheBlock reveals multiple address walls between the current price and $0.000139, which SHIB must overcome to reach new heights.

Currently, SHIB is trading at $0.00002494, with bulls aiming to push it above $0.000025. According to ITB data, 62,700 addresses purchased 69.97 trillion SHIB at an average price of $0.000025, indicating a strong bullish sentiment. However, five resistance walls stand in the way of SHIB reaching a new all-time high.

The first significant resistance is at $0.000028, where 98,230 addresses hold 40.17 trillion SHIB tokens. SHIB must break above $0.00003 to overcome this hurdle. The next resistance lies at $0.000033, where 143,280 addresses hold 21.3 trillion SHIB tokens. Additional barriers await at $0.000040, $0.000045, and $0.000051, with a total of 454,160 addresses holding SHIB between the current price and the all-time high of $0.00008845.

A rally to $0.000040 could lead to short-term consolidation or increased accumulation, fueling a stronger bullish sentiment. However, SHIB must also defend its current support at $0.000022 to prevent a reversal. Overcoming these resistance walls will be crucial for SHIB to reach new heights and achieve a breakout.