Shiba Inu Critical Level Arrives: Great Pressure May Come!

Shiba Inu pricerecorded an increase in the number of transactions as the market-wide rise continued. At one point in the day, SHIB price was up 4.1%, but later it lost some value and is currently trading at $0.0000107. If the positive mood of market participants continues, it is quite possible that the meme coin will continue to rise.

As a matter of fact, according to IntoTheBlock data, this is the case at some point. SHIB price It will create a strong seller pressure on it. This point seems to be around $0.000012 per token.

According to the data, this is where a large number of Shiba Inu tokens are currently concentrated. This refers to SHIBs purchased in the range of $0.000011 to $0.000012. These tokens, whose numbers are approximately 117.92 trillion SHIB, currently mean losses for their holders.

Shiba Inu Price Faces Pressure

As a result, it is possible to deduce that 12% upward price action will save 75,000 addresses from losses. On the other hand, these wallets currently hold tokens with a total equivalent value of $1.26 billion. In this case, whether a large-scale sale of Shiba Inu tokens will take place is a big question.

In total, more than half of all SHIB addresses remain damaged, according to IntoTheBlock. Almost 200,000 addresses are at par, or 15.5% of the total. Currently, only 31.6% of addresses on SHIB are in profit, a total of 402,000.

You can follow the current price action here.

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