Shiba

Resistance

when

Shiba Inu

Trillion

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<p dir="ltr">Shiba Inu (SHIB) has seen a major reversal in its uptrend as the bid to retest the $0.00003 mark has hit a major bump. With the growth momentum stumped, the key resistance level and price volume have been&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">hinted at</a> by crypto analytics service provider IntoTheBlock (ITB).</p>
<h2 id="19-trillion-shib-resistance-spotted">19 trillion SHIB resistance spotted</h2>
<p dir="ltr">Per the data shared, Shiba Inu’s break-even average price is pegged at $0.000025, with a total SHIB volume of 72.96 trillion concentrated at this point. A total of 5.13% of Shiba Inu addresses are at this level, amounting to 68,620 addresses.</p>
<p dir="ltr">The move up from here is confronted with a major resistance level at the price range of $0.00003 to $0.000036, with an average price of $0.000033. Within this range, a total of 140.13K addresses stacked up a total of 19.44 trillion SHIB. In the journey toward its all-time high (ATH), this resistance point is arguably the most important to watch.</p> <img data-entity-type="file" data-entity-uuid="95e99b49-bae7-4e74-8326-ea76d4434178" src="https://u.today/sites/default/files/inline-images/SHIB%20Global%20In-Out%20of%20the%20Money.jpg"><a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">SHIB In/Out of the Money. Source: IntoTheBlock</a>
<p dir="ltr">Should the 140,000 addresses that accumulated at this point make an attempt to sell when they "Enter the Money," a corresponding slip-off might continually be recorded. Overall, the Shiba Inu ecosystem is characterized by more addresses in gains.</p>
<p dir="ltr">As gleaned from ITB, 827,480 addresses are "In the Money," accounting for over 61.82% of the total in the ecosystem.&nbsp;</p>
<h2 id="the-shib-inu-difference">The Shib Inu "difference"</h2>
<p dir="ltr">Among the most capitalized altcoins,&nbsp;<a href="https://u.today/shiba-inu-shib-joins-ranks-of-major-solana-centered-exchange" rel="noopener noreferrer nofollow">Shiba Inu</a> comes off as one of the most ambitious. As a meme coin project from the outset, the token has made several important pivots. With a market capitalization of $15.09 billion, SHIB is the 12th largest asset with a price of $0.00002557.</p>
<p>The retracement in SHIB might be a temporary slip considering the broader crypto ecosystem is riding the bullish&nbsp;<a href="https://u.today/ethereum-etf-approval-is-last-dam-to-be-broken-for-entire-crypto-industry-anthony-pompliano" rel="noopener noreferrer nofollow">spot Ethereum ETF</a> approval hype. While the actual green light has not been given, the expectation that the SEC will give this approval is driving the market upward, with&nbsp;<a href="https://u.today/shiba-inu-shib-breakout-fails-heres-what-comes-next" rel="noopener noreferrer nofollow">SHIB taking the advantage</a>.</p>

19 Trillion Shiba Inu Forms Most Important Resistance to Watch

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