Ten days in a row, Shiba Inu has maintained a price that is more than $0.00001.
Bulls in the Shiba Inu cryptocurrency market are exerting a great deal of effort to protect the highly anticipated $0.000010 level. Should this level be lost, it might put the price of SHIB at risk of adding an additional zero.
Since the 20th of December, Shiba Inu has maintained a stable position at the $0.00001 level, after seeing a brief decline to a low of $0.0000095. Despite this, bears were unable in their attempt to drag prices below this level, even during the market flash crash that occurred on December 26.
It would indicate that bulls are bent on turning this level into support, which, if achieved, might provide more opportunities for Shiba Inu to make gains on the upside. This is because Shiba Inu has maintained a price above $0.00001 for ten consecutive days.
Despite the fact that bulls are now working to reach this level, the next enormous obstacle is waiting for them: a barrier consisting of 553 trillion SHIB. If this barrier is overcome, it has the potential to cause the price of SHIB to more than double. Shiba Inu (SHIB) price at which it is profitable to sell, courtesy of IntoTheBlock The on-chain data provided by IntoTheBlock indicates that Shiba Inu is now getting closer and closer to a massive barrier, which is located not too far from where it is currently trading. The Shiba Inu (SHIB) is related to: This is an intriguing trend that has the potential to set off a new bull run. At a minimum price of $0.000011, this is the location where 553.72 trillion SHIBs were purchased by 317,800 different addresses worldwide.
These locations purchased the specified amount of SHIB at a price that ranged from $0.000017 to $0.000027, with the average price being $0.000017 dollars. To put this into perspective, this indicates that the price of SHIB would need to rise to the defined price range of $0.000011 to $0.000027 in order for these holders to achieve a point of equilibrium with their positions.
SHIB had dropped by 1.98% in the last twenty-four hours, reaching $0.0000104 at the time of this writing. SHIB is the most traded in WazirX, and LEASH is a new listing. WazirX, an Indian cryptocurrency exchange, has just lately made public its year-end report for 2023. BTC is the cryptocurrency that has performed the best in terms of volume, followed by SHIB.