Observers in the cryptocurrency world are holding their breath in anticipation, as buyers of Shiba Inu (SHIB) attempt a significant challenge at the price mark of 56 trillion SHIB.
In the important price zone, there’s a struggle between buyers and sellers for Shibaswap (SHIB). This fight could determine Shibaswap’s market trend in the coming periods.
Based on IntoTheBlock’s data, approximately 56.82 trillion SHIB tokens were purchased between $0.000026 and $0.000029, which is around the current trading price of SHIB for about 2,880 wallets, with an average purchase price being $0.000027.
If bulls successfully defend this level with strength, it could be a sign that they are becoming more confident in the token’s future value. On the other hand, if bears manage to break through, it may suggest that the token’s support has weakened and a price drop could follow.
Here are two potential scenarios in this situation: Reaching the 56 trillion SHIB mark could act as a catalyst for further expansion, or it might instead trigger a downturn.
Reaching this milestone will cause Shiba Inu to advance toward the subsequent significant resistance level, located between $0.000029 and $0.000051. At this price range, a total of 94.17 trillion SHIB were bought by approximately 239,610 different wallets, with an average purchase price of $0.000036 each.
If Shiba Inu fails to hold its current trading level at $0.000026, the bulls could encounter significant resistance. The reason being, there is minimal support below this price range, with the next substantial backing found between $0.000019 and $0.000025. Approximately 85,040 addresses have purchased 77.26 trillion SHIB in this area at an average cost of $0.000023.
At the time of writing, SHIB was up 0.85% in the last 24 hours to $0.000027.
Excitingly, Shiba Inu is now a member of the Content Delivery and Security Association (CDSA). They aim to discover the potential benefits of emerging blockchain technologies for media and entertainment industries.
Elsewhere, Shiba Inu’s collaborator d3 has shared fresh developments. Among these advancements are the integration of BONE and SHIB as payment options on Shibarium, and the addition of direct-to-wallet minting capabilities.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- USD PHP PREDICTION
- MNT PREDICTION. MNT cryptocurrency
- DPLAT PREDICTION. DPLAT cryptocurrency
- AVAX PREDICTION. AVAX cryptocurrency
- BEN PREDICTION. BEN cryptocurrency
- FOXY PREDICTION. FOXY cryptocurrency
- NLS PREDICTION. NLS cryptocurrency
- ANKR PREDICTION. ANKR cryptocurrency
2024-04-12 18:31