Shiba Inu, despite recent positive indicators, is facing significant hurdles according to on-chain data analysis. Following a breakout above the 50 EMA, which often indicates a potential shift in market structure, SHIB is nearing a major resistance zone. This tough threshold poses a potential trap for the meme coin’s momentum. Investors are advised to monitor these developments closely, as any substantial struggle at this resistance could impact Shiba Inu’s future price trajectory. Will the community rally behind SHIB, or will the resistance prove too strong?