Popular meme coin Shiba Inu The bulls renewed their attempts to push SHIB above $0.00001. However, they encountered resistance many times. Currently, the price seems to be at an impasse.
meme coin The price continues to consolidate below this level and still cannot move above this level. meme coin It is currently trading at $0.000009, up 0.46% in the last 24 hours.
SHIB has a market capitalization of $5.3 billion. Additionally, it ranks 18th among the top cryptocurrencies. The Shiba Inu faces a massive wall that can trigger gains of 150% to 200%. Shiba Inu price needs to break this selling wall and start a major rally that could reach $0.000027. This represents an increase of approximately 200% from the current price of $0.000009024.
Shiba Inu price must overcome this selling hurdle to unleash a major rally that could extend as high as $0.000027. This represents an increase of approximately 200% from the current price of $0.000009024.
According to IntoTheBlock, SHIB is facing a sell wall at $0.000009 and $0.000027. Here, 635.38 trillion SHIB was purchased by 457,771 addresses at an average price of $0.000015. This means that over 457,000 Shiba Inu addresses need SHIB to rise to these price ranges mentioned above for them to break through.
Shiba Inu Network Sees Increase in Number of Transactions
SHIB is seeing a jump in its transaction count metric, according to IntoTheBlock data. SHIB saw a jump in the number of transactions from 3,200 on January 25 to 3,380 on January 26.
On the other hand, the number of transactions is crypto- It partially reflects the benefits derived from its existence. While this indicator tends to move with price, similar to daily active addresses, a divergence between the two indicates less speculative and more organic use of the underlying crypto asset. The 24-hour trading volume for Shiba Inu was measured at 3.4 trillion SHIB.