Shiba Inu bulls are making a fierce bid to protect the much-watched $0.000010 level, which, if lost, could put SHIB at risk of adding an additional zero to its price.
Shiba Inu bulls are making a fierce bid to protect the much-watched $0.000010 level, which, if lost, could put SHIB at risk of adding an additional zero to its price.
Shiba Inu has held steady at the $0.00001 level since December 20, after temporarily falling to lows of $0.0000095. Still, the bears failed in an attempt to push prices below this level, even during the December 26 market flash crash.
Since Shiba Inu has remained above $0.00001 for 10 consecutive days, it seems that the bulls intend to convert this level into support, which, if achieved, could present further gains for Shiba Inu.
While the bulls are currently looking to conquer this level, the next gigantic hurdle awaits them: a 553 trillion SHIB barrier that, if breached, could see the price of SHIB double.
According to chain data In the blockShiba Inu is currently approaching a gigantic barrier, not far from where it is currently trading.
This is where 317,800 addresses purchased 553.72 billion SHIB at a minimum price of $0.000011. These addresses purchased that amount of SHIB at an average price of $0.000017 and a maximum price of $0.000027. This implies that the price of SHIB would have to rise to the specified price range of $0.000011 to $0.000027 for these holders to break even on their positions.
At the time of writing, SHIB was down 1.98% in the last 24 hours to $0.0000104.
SHIB is the most traded on WazirX; STRAP new listing
Indian Crypto Exchange WazirX recently released its 2023 year-end report. The best performing coin by volume is BTC, followed by SHIB.
Shiba Inu is among the most traded coins on the platform, along with BTC, XRP, ETH, TRX, and MATIC.
Crypto platform PointPay has announced the successful completion of the LEASH listing, allowing users to trade and hold the LEASH token of the Shiba Inu ecosystem.
