If you fall once, you get up again. Now if you fall the second time, you get up again. If you do like this, you will definitely be successful one day. ✅✅
109 Trillion #SHIB Sell Wall Stops Shiba Inu From Hitting New Highs
Shiba Inu (SHIB) is in a triangle configuration that might cause a big move higher. The coin continues to trade in this triangle form, but on-chain data reveals a significant barrier wall that might prevent a short-term SHIB price gain.
IntoTheBlock data shows that 149,120 addresses holding 109 trillion SHIB coins form a fascinating resistance wall around $0.000027.
Shiba Inu Faces Major Challenge After reaching $0.0000287 in late May, Shiba Inu fell to $0.0000237 in early June and has been trading between $0.000023 and $0.000026. Interestingly, ITB data links this price level to resistance worth watching. Bulls have failed to break past a big SHIB sell wall above $0.000026.
Many addresses might sell their shares and prevent price gains, creating tremendous resistance on the sell wall. This sell wall has investors holding between $0.000025 and $0.000030, however the most critical price is slightly around $0.000027.
Shiba Inu requires massive whale and retail investor purchasing power to break this sell wall. Fortunately, whale activity has increased in recent days, with one whale eating over 715 billion SHIB in hours.
SHIB Bulls Continue Push Shiba Inu hasn't reached $0.000030 in two months. Since its two-year peak in March 2024, many traders have sold despite bull accumulation. If Shiba Inu can break this big sell wall, its price might soar. Significant support at $0.000023 prevents SHIB from falling further despite the sell wall.
Current crypto market cap: $2.486 trillion.
TradingView chart SHIB is down 5.35% in 24 hours at $0.00002392. As indicated, the current price movement resembled a triangle price chart structure. SHIB is testing the bottom end of the formation and may fall below $0.000023. A bullish reversal is probable, and the meme currency might climb to the triangle's upper end at $0.000028.
$BTC Bitcoin (BTC) and Binance Coin (BNB) are prominent cryptocurrencies, each with its unique features and purposes in the digital asset landscape. BTC, often referred to as digital gold, is the first and most well-known cryptocurrency, created by an anonymous person or group under the pseudonym Satoshi Nakamoto in 2009. It operates on a decentralized network called blockchain, offering a store of value and a medium of exchange outside traditional financial systems.
$BNB
On the other hand, BNB is the native cryptocurrency of the Binance blockchain and ecosystem, launched by the Binance exchange in 2017. Initially created as a utility token for discounted trading fees on the Binance platform, BNB has evolved into a multifunctional asset used for various purposes such as staking, governance, and participating in token sales on Binance Launchpad.
Both BTC and BNB have gained substantial adoption and investment interest, contributing significantly to the development and expansion of the cryptocurrency market.