The Shiba Inu (SHIB) token is showing unexpected signs of structural strength amid the current market situation. According to the latest blockchain analysis data, 66.3 trillion SHIB is trapped in the price range of $0.000009 to $0.000012.
Structural Strength of Shiba Inu
Currently, 66.3 trillion SHIB is trapped within the range of $0.000009 and $0.000012. This concentration marks that SHIB is unlikely to dip below this range, creating a sort of economic barrier.
Reasons for Current Importance
In crypto, zones with high wallet density create friction, making price changes difficult without significant macroeconomic or technical shocks. This means that despite the volatility of the market, current SHIB holders are in a position where a rise is more probable than a fall.
Overall Picture for SHIB Holders
While most SHIB holders remain in the red (about 88%), the new concentration at the lower levels could be significant, limiting how low prices can go before large holders begin to defend their positions.
Thus, 66.3 trillion SHIB represents a significant indicator in the market, showing that low prices may be protected by large holders, creating potential for future growth.
