Shiba Inu: Bulls and bears clash over SHIB price, here's what's going on $SHIB ShibArmy SHIBCommunity
's In/Out of the Money Around Price offers an idea as to what is happening behind the scenes for the SHIB price and where bulls and bears currently stand.
The IOMAP spots key buying and selling areas that are expected to act as support and resistance, covering the most relevant clusters within 15% of the current price in both directions.That said, the $0.000008 level remains a keenly contested area between bulls and bears. However, the red clusters for the $0.00008 far outnumber the green clusters, showing that it is a price range with a high concentration of sellers based on addresses' positions on-chain.
Shiba Inu's chart makes the current situation clear. Since late June, SHIB has been trapped in a range between $0.000007 and $0.0000084. This trend started in May.On the upside, a break above $0.0000084 could kickstart a new move for SHIB, which might aim to delete a zero from the SHIB price, targeting the $0.000010 level.
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