💥 Shiba Inu Coin’s Explosive Breakout: Will the Memes Prevail? 🐶

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The Shiba Inu (SHIB) coin has been wagging its tail up and down like a dog chasing its own tail. After a series of woofs and barks, the price of this popular meme cryptocurrency is back to where it started this week – at $0.0000162 per SHIB.

But wait, there’s a twist! Yesterday, the price of Shiba Inu coin saw an increase of 8.35%, which is a lot for a dog with a capitalization of around $10 billion. However, this growth hit a wall at $0.000017 per SHIB, proving that the buyers are weak and the sellers are strong.

Fortunately, we can estimate these indicators on the crypto market, and since the market tends to move from one pool of liquidity to another, we have exact figures on how much the bulls need to absorb potential Shiba Inu tokens in order to overcome this resistance level and make the long-awaited breakout. 🐾

A Roadblock Worth Trillions of SHIB 💸

According to IntoTheBlock, there are approximately 91.35 trillion SHIBs concentrated in the price range between $0.000016 and $0.000018 per meme coin. This colossal volume of tokens can be estimated at $1.5 billion, and this volume is currently causing losses to its holders, creating a so-called sell wall.

It can be assumed that if the strength of buyers is at least equal to this volume, the price of the Shiba Inu token should have no problem breaking through the resistance level that is currently causing problems for meme coin bulls. But hey, who said being a meme coin was easy? 😂

Perhaps something like this is possible in the presence of favorable conditions on the overall cryptocurrency market, but here the number of influencing factors is much higher. So, will the Shiba Inu coin finally break out and make its owners rich? Only time will tell, but one thing’s for sure – the memes will keep on coming. 🐶

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2025-02-13 18:44