Shiba Inu

With the cryptocurrency market gaining momentum, Shiba Inu is on the brink of overcoming a significant resistance level that has been fiercely contested by both buyers and sellers.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />SHIB is nearing the edge of a key price range, between $0.000009 and $0.00001, where it becomes less profitable. Within this zone sits over 1.3 trillion SHIB, a sizable amount that could <a href="https://cryptosheadlines.com/polygon-leads-in-monthly-active-wallets-for-erc-4337/" rel="noopener noreferrer nofollow">lead to increased selling activity</a>.<h3 id="understanding-the-profitability-cluster-in-crypto-analysis">Understanding the Profitability Cluster in Crypto Analysis</h3><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-16.webp?resize&#61;640%2C269&amp;ssl&#61;1" />Source: IntoTheBlockUnderstanding the profitability cluster is important in <a href="https://cryptosheadlines.com/top-weekly-crypto-gainers-twt-rndr-bsv-analysis/" rel="noopener noreferrer nofollow">crypto analysis</a>. It’s a range where lots of <a href="https://cryptosheadlines.com/shib-whale-alert-9-6-trillion-tokens-bought-in-48-hours/" rel="noopener noreferrer nofollow">tokens were bought</a> before. As the <a href="https://cryptosheadlines.com/bitcoin-price-prediction-breaks-range-resistance-is-it-a-buy-signal/" rel="noopener noreferrer nofollow">price gets close to this range</a>, people who bought there might sell to make money or break even. This can lead to more selling pressure. For SHIB, going past this range isn’t just about numbers, it’s also about how people feel. It could help ease pressure from sellers who want to sell.People are watching SHIB closely. Less <a href="https://cryptosheadlines.com/pepe-whale-transfers-tokens-to-binance-potential-1m-loss-upon-selling/" rel="noopener noreferrer nofollow">tokens in the profitability cluster means less pressure to sell</a>. If this keeps happening, SHIB’s future looks better. It could go up without lots of people selling all at once.If <a href="https://cryptosheadlines.com/shiba-inu-shib-price-surges-despite-sell-off-sustainability-questioned/" rel="noopener noreferrer nofollow">SHIB’s price</a> breaks above $0.00001, it could show that people are feeling good about SHIB. This could make more people interested in it and want to invest. Breaking this level isn’t just about numbers, it’s also about how people <a href="https://cryptosheadlines.com/shiba-inu-shib-sees-unexpected-surge-nearing-breakthrough/" rel="noopener noreferrer nofollow">see SHIB</a>. It could be the start of something new for the meme coin.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Blue-Modern-Profile-Twitter-Header.png?fit&#61;1500%2C500&amp;ssl&#61;1" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Shiba Inu Approaching Major 1.3 Trillion SHIB Resistance

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 11, 2024

Analyst Warns Bitcoin’s Current Rise May Not Be Sustainable

Pandoshi (PAMBO) Will Replace Dogecoin (DOGE) and Shiba Inu (SHIB), Say Experts

Expert Opinion: XRP and Dogecoin Offer Stability, But NuggetRush Brings Explosive Growth Potential

Digital Mineral Rights & its Impact on the Future of Bitcoin

Economic Jitters to Likely Dent Sentiments; Will Crypto Markets Sink or Swim?

Will The SHIB Price Rally By 10x Like In 2021? Here Are The Possibilities for Shiba Inu

Join our free newsletter for daily crypto updates!