Shiba Inu Adds 24K Wallets as Bulls Push Toward $0.0000630 CRT Level

• SHIB tests $0.0000630 resistance while CRT range compresses price action tightly.

• 24,000 new wallets join SHIB as whale holdings remain steady.

• Derivatives show rising volume, liquidations, and pressure near key breakout level.

Shiba Inu is showing renewed energy as price action tightens near a key resistance zone. Traders are watching closely as SHIB repeatedly tests the same ceiling while new wallets continue to grow. Momentum across the meme coin sector adds extra pressure to the setup. DOGE and LUNC have already posted strong moves, lifting sentiment across the board. With technical levels compressing and activity rising, SHIB now sits at a critical decision point.

24,000 new $SHIB wallets added in week amid retail interest https://t.co/rfy6zcMsiZ

— U.Today (@Utoday_en) May 4, 2026

SHIB Presses Key Resistance as Market Structure Tightens

SHIB trades near $0.0000623 while pressing the CRT range high at $0.0000630. This level has rejected price three times within a single week. Each attempt builds tension across the chart. The range between $0.0000561 and $0.0000630 now defines short-term direction. A descending channel from October 2025 also meets this resistance area. That overlap creates a strong technical barrier.

A clean daily close above $0.0000630 would confirm a breakout. Failure to clear this zone could trigger another pullback inside the range. Support conditions remain firm below current price. The Supertrend sits at $0.0000561 and continues to slope upward. The SAR indicator at $0.0000612 adds another layer of support.

Both signals favor bullish structure while price presses higher. Market projections based on range expansion suggest a target near $0.0000837. That level aligns with prior consolidation seen in November 2025. Traders often watch this projection during breakout scenarios from tight ranges.

Wallet Growth and Derivatives Show Rising Pressure

Network activity continues to expand at a steady pace. SHIB added 24,000 new wallets in just seven days. Total addresses now exceed 1.58 million. This growth reflects steady retail participation entering the market. Large holders remain stable during this phase. The top 100 wallets control around 61% of supply. That balance suggests accumulation without heavy distribution. New buyers enter while whales hold positions, creating a tightening supply dynamic.

Burn activity shows mixed strength across the week. Daily burn spikes reached nearly 2.8 million tokens at peak. However, momentum faded quickly across multiple sessions. Weekly burn totals dropped nearly 46%. Supply reduction remains minimal compared to overall circulation. Derivatives data reveals rising tension at resistance. Trading volume increased by nearly 30% to $137.64 million. Open interest also climbed modestly to $59.86 million. Fresh positioning continues building around the CRT ceiling.

Long positions face repeated pressure near $0.0000630. Liquidations show buyers getting stopped during each rejection. Shorts remain relatively light but stable. This imbalance signals hesitation among traders awaiting confirmation. Market structure now sits in a tightening phase. Price compression near resistance often leads to sharp movement.