Shiba Inu needs far more power to move past this enormous resistance level
price is on the cusp of a monumental milestone. The Global In/Out of the Money indicator, which gauges the average cost of tokens for any address with a balance, is signaling a resistance level that is nothing short of staggering: 305 trillion. As of now, the SHIB price is hovering around $0.00000762, according to the latestThe Global In/Out of the Money indicator is a nifty tool for traders.
Why? Because many addresses would shift from being"Out of the Money" to"In the Money," making it tempting for holders to cash in on their gains.This is where the 305 trillion resistance level comes into play. It acts as a psychological barrier, a line in the sand that could either catapult SHIB to new heights or send it tumbling down.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Four Major Risks for Shiba Inu's Price: ChatGPT's SHIB Price PredictionThe world's most popular AI comments on four potential risks for Shiba Inu's price going forward.
Read more »
Shiba Inu (SHIB) Burn Rate up 721% in Attempt to Break Vicious Price CycleMillions of SHIB incinerated as burn rate prints biggest weekly jump
Read more »
Shiba Inu price uptrend limited by 94% of SHIB wallets currently underwaterShiba Inu (SHIB) price is trading with a bullish bias after a steep 10% fall beginning in late August. After finding support, the meme coin is brewing
Read more »
Here's Why Shiba Inu (SHIB) Trading Volume Crash Is Good NewsShiba Inu's crash in trading volume gives off strong signal
Read more »
Shiba Inu (SHIB) Sees 2,180% Spike in Whale Transactions, What's Going On?Shiba Inu whales making moves on market
Read more »
Shiba Inu (SHIB) Lead Establishes New Focus as Shibarium ExpandsShiba Inu lead Shytoshi Kusama reveals next steps after Shibarium relaunch
Read more »