One of the largest levels of resistance in Shiba InuRecent trading history is currently on the market. It can be difficult for the assets to pierce because more than 515 billions of shib chips are positioned at a critical price level. After a spectacular correction in recent weeks, Salogner has stabilized and presents indications of a possible recovery. Nevertheless, holders who still lose money from previous price levels apply enormous sales pressure to counter its momentum.
The price at which SHIB is currently negotiated about $ 0.000016 corresponds to a large concentration of tokens that have previously been purchased at higher prices. The addresses are classified by their purchase price compared to the current market price using the in / out of money, which is used to analyze data on the shib chain.
In monetary addresses (profitable), those whose current price is higher than the typical purchase price. On the other hand, they are out of money (losing money) if the price is lower than their entry point. According to the most recent data, around 75,000 addresses contain 515 billions of sampon tokens in the range from 0.000016 to $ 0.000018, according to the most recent data. This suggests that there is a lot of resistance to these levels, because many investors want to sell their assets at the profitability threshold or with little profit.
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Shiba Inu needs a sharp increase in purchase pressure in order to exceed its current price range. Salogner Can produce a bullish break and possibly re -resistance levels at $ 0.000020 and more if it is able to cross the level of $ 0.000018. As for the decline, if this resistance is not overcome, there may be a consolidation or even another decline to the level of support at $ 0.000014.
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The current action of Shiba Inu prices points to a pivotal point in the history of assets. There is more room for growth if the level of shib resistance of 515 billions can be overcome.