Resistance

Shiba Inu

Trillion

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<a href="https://app.intotheblock.com/coin/SHIB" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is currently hovering around a price cluster that's got everyone talking. Why? Because this cluster holds a staggering 5.5 trillion <a href="https://u.today/shiba-inu-bone-surprises-with-50-gain-in-millionaire-addresses" rel="noopener noreferrer nofollow">SHIB</a> tokens. Investors have been gobbling up SHIB at this price level like there's no tomorrow, creating a unique "In the Money" and "Out of the Money" <a href="https://u.today/binance-bnb-becomes-second-largest-private-taxpayer-in-eu-country" rel="noopener noreferrer nofollow">scenario</a>. 
For those not in the know, "In the Money" (ITB) refers to addresses where the current SHIB price is higher than the average cost at which the tokens were bought. Conversely, "Out of the Money" means the current price is lower. This intriguing metric looks at price clusters within a +/- 15% range. 
<img data-entity-type="file" data-entity-uuid="50deb6d2-10c8-41d0-9f11-1fc6144dbb83" src="https://u.today/sites/default/files/inline-images/image_54.png">Source: <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a> 
So, what's the big deal about this 5.5 trillion <a href="https://u.today/shiba-inu-bone-surprises-with-50-gain-in-millionaire-addresses" rel="noopener noreferrer nofollow">SHIB</a> cluster? Well, it is a sign that there is minimal resistance ahead. With fewer holders around this price level, SHIB could find it easier to break through and climb higher. 
The current SHIB price is around $0.00000744 USD. Given the low resistance ahead, this meme coin could very well see a price surge. But remember, the crypto market is as unpredictable as it gets, so always expect the unexpected. 
Interestingly, the activity of large transactions, often called "whale" activity, had shot up by an eye-popping 500%, according to data from IntoTheBlock. Usually, when whales start making waves during periods of low volatility, it is a sign they are accumulating more of the asset. Could this be the calm before the <a href="https://u.today/shiba-inus-shibarium-eyes-dramatic-change-in-major-indicator" rel="noopener noreferrer nofollow">SHIB</a> storm? 
In summary, Shiba Inu is at a pivotal point. The 5.5 trillion SHIB cluster and the uptick in whale activity could be precursors to a significant price movement.

Shiba Inu (SHIB) Growth Might Accelerate After This 5.5 Trillion Resistance Is Broken

U_Today

Other articles published on Sep 10, 2023

Microstrategy Stock: Will MSTR Stock Regain the $400 Mark in Sep?

Spot Bitcoin ETFs Pose A Major Threat to The Futures ETFs

Explore The World of NFT Mystery Boxes and Its Attributes

Whale Jual Rugi 762 Milyar PEPE, Tanda Apakah Ini?

Bored Ape Chemistry Club NFT: Mutant Serums to Create History

Shib Team Member Unveiled The Objective Behind Shibarium

Join our free newsletter for daily crypto updates!