The price action of Shiba Inu (Shib) Corner in recent days has been far from inspiring, even reasonable. After a series of ups and downs, the price of the cryptocurrency of the popular meme is back where it was at the beginning of the week – at $ 0,0000,162 per Shib.
Interestingly, after the rise of yesterday, the price of the Shiba Inu part experienced an increase of 8.35%, which is a lot for an asset with an capitalization of around 10 billion dollars.
Related
However, this growth revealed its resistance to $ 0,000017 per SalognerWhich speaks volumes about the weakness of buyers and the strength of sellers.
Fortunately, these indicators can be estimated on the cryptography market, and since the market tends to go from one liquidity pool to another, we have exact figures on the quantity of bulls to absorb the potential info shiba tokens in order to overcome this level of resistance and make the long -awaited break.
Obstacle to an obstacle to billions of shibs
According to IntotheblocThere are approximately 91.35 billions of sally concentrated in the range between $ 0.000016 and $ 0.000018 per piece of the same. This colossal volume of tokens can be estimated at 1.5 billion dollars, and this volume currently results in losses to its holders, creating a so-called wall of sale.
We can assume that if the force of buyers is at least equal to this volume, the price of Shiba Inu jeton should not have any problems crossing the level of resistance which currently causes problems for memeric currency bulls.
Related
Perhaps something as possible in the presence of favorable conditions on the global market of cryptocurrencies, but here the number of influence factors is much higher.