Shiba Inu

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
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 The <a href="https://u.today/shiba-inu-shib-breakthrough-still-holds-sigh-of-relief" rel="noopener noreferrer nofollow">Shiba Inu token</a> has been experiencing a tumultuous ride in the market, as its price fails to break through the critical threshold of $0.0000084 per SHIB. Despite a recent surge of over 12% in the past few days, each attempt to surpass this level has resulted in a false breakout, leading to a series of subsequent sell-offs. 
 <img alt="" data-entity-type="file" data-entity-uuid="55c99987-5eaa-42de-af01-2b560d94262f" src="https://u.today/sites/default/files/inline-images/SHIB_7D_graph_coinmarketcap_3.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
 The gravity of the situation becomes evident when considering the staggering amount of <a href="https://u.today/41-trillion-shib-moved-as-price-surges-724-among-falling-market" rel="noopener noreferrer nofollow">Shiba Inu</a> tokens that were sold in the last two days alone. Reports indicate that a whopping 1.453 trillion SHIB tokens were offloaded when the price approached this critical mark, and it is just on Binance's spot market. 
 <a href="https://u.today/shiba-inu-shib-breakthrough-still-holds-sigh-of-relief" rel="noopener noreferrer nofollow">card</a> 
 But this is just the tip of the iceberg. Data from <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> reveals a staggering concentration of more than 60 trillion tokens along the path from the current price to the $0.00001 per SHIB level. These tokens are currently causing losses for their holders, with a substantial 26 trillion of them concentrated within the $0.000008 to $0.000009 range. 
 <img alt="" data-entity-type="file" data-entity-uuid="01f49187-baf1-4c2c-8c0e-68dab1678ecb" src="https://u.today/sites/default/files/inline-images/shuba.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> 
 This overwhelming volume presents a concerning challenge. Unless the buying power expands significantly to absorb this immense supply, the price of <a href="https://u.today/shiba-inu-team-announces-summer-of-shibarium-is-shib-about-to-surge" rel="noopener noreferrer nofollow">SHIB</a> is expected to face continued downward pressure within this range. Unfortunately, the current market conditions indicate that buying power alone may not be capable of offsetting the sell-off of slightly over a trillion tokens. 
 <a href="https://u.today/41-trillion-shib-moved-as-price-surges-724-among-falling-market" rel="noopener noreferrer nofollow">card</a> 
 As the struggle to break free from this formidable sell wall intensifies, investors should keep a close eye on the market dynamics. The inability of buying power to counterbalance the selling pressure further amplifies concerns surrounding the Shiba Inu token's price trajectory.
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Shiba Inu Price Struggles as Trillions of SHIB Form Frightening Sell Wall

U_Today

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