Shiba Inu The price is now very close to exceeding the biggest and most important barrier in its upward rise. The importance of this barrier is its potential to provide an additional profit of up to 100% if it is broken.
As we reported as Koinfinans.com SHIB It increased by 2.79% in the last 24 hours to $ 0.0000079. SHIB is preparing to encounter one barrier after another very close to where it operates. According to IntoTheBlock data, 1.26 trillion SHIB was purchased by 4,440 addresses at $0.000008.
Considering that this is only a small level, Shiba Inu bulls can easily overcome this level, but the real challenge lies at the very next barrier. SHIB bulls have a huge price hurdle ahead of them. This represents the largest of the red clusters indicating price resistance.
This range is between $0.000008 and $0.000014, and 430,600 Shiba Inu addresses have purchased 298.83 trillion SHIB. This large amount of SHIB was purchased at an average price of $0.000010.
This price range is expected to see high selling pressure because most of these addresses will want to sell once the market price reaches their average cost and the breakeven point on their positions. Overcoming this barrier has the potential to trigger a possible price rally.
On the other hand, things could get even more heated given the fact that more addresses are purchasing large amounts of SHIB at these price levels. The bulls may attempt to confirm this price barrier as support, which can be used as a major bounce area for further upside.