With a growing holder base, a strategic support network, and a recent price jump, SHIB seems poised for a potential climb. However, lingering sell pressure and the ever-present shadow of its all-time high keep investors cautious.<\/p>\n
Shiba Inu Finds Strength In Numbers<\/strong><\/h2>\nSHIB’s popularity continues to rise. The number of Shiba Inu holders on the Ethereum blockchain has surpassed a staggering 1.4 million, a new milestone that reflects the coin’s expanding reach.<\/p>\n
This surge in holders indicates a growing community of believers in SHIB’s potential, potentially translating to a more stable and resilient market presence.<\/p>\n
\n#Shiba<\/a> holders reaching 1.4M
\nmark \ud83d\udd25\ud83d\udd25\ud83d\udd25
\nWe just grow,only up!!!#Shibarium<\/a> #shib<\/a> #bone<\/a> #leash<\/a> #crypto<\/a> #ShibaSwap<\/a> #ShibTheMetaverse<\/a> #btc<\/a> #eth<\/a> # pic.twitter.com\/Ha1R7phBOt<\/a><\/p>\n\u2014 SHIBKIND \ud83d\udd25 (@SHIBKIND) April 19, 2024\u00a0<\/a><\/p><\/blockquote>\n![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_743b09.png?w=362&resize=362%2C460\")
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Shiba Inu Establishes Support System For Price Stability<\/strong><\/h2>\nBeyond the expanding holder base, SHIB has built a strategic support system that could act as a safety net in case of price fluctuations. These zones, dubbed “support clusters,” sit at $0.00001 and $0.000014, and concentrate buying pressure zones.<\/p>\n
Essentially, a significant number of holders originally bought Shiba Inu at these price points, meaning a large number of tokens would be bought again if the price dips below these levels.<\/p>\n
![](\"https:\/\/www.tradingview.com\/x\/LuPwvX6U\/\")
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Total crypto market cap currently at $2.259 trillion. Chart: TradingView<\/a><\/pre>\nAdditionally, data suggests that a large portion of current SHIB holders are in profit. This metric, often visualized as “In & Out of the Money” by blockchain analysis tools, incentivizes them to hold onto their tokens rather than sell at a loss.<\/p>\n
Shiba Inu Still Barks For Its All-Time High<\/strong><\/h3>\nDespite the positive developments, a cloud of caution hangs over SHIB. The current price sits comfortably above the aforementioned support clusters, but it remains significantly lower than its all-time high of $0.00008616, reached in the meme coin frenzy of 2021.<\/p>\n
#Shiba<\/a> holders reaching 1.4M \u2014 SHIBKIND \ud83d\udd25 (@SHIBKIND) April 19, 2024\u00a0<\/a><\/p><\/blockquote>\n Beyond the expanding holder base, SHIB has built a strategic support system that could act as a safety net in case of price fluctuations. These zones, dubbed “support clusters,” sit at $0.00001 and $0.000014, and concentrate buying pressure zones.<\/p>\n Essentially, a significant number of holders originally bought Shiba Inu at these price points, meaning a large number of tokens would be bought again if the price dips below these levels.<\/p>\n Additionally, data suggests that a large portion of current SHIB holders are in profit. This metric, often visualized as “In & Out of the Money” by blockchain analysis tools, incentivizes them to hold onto their tokens rather than sell at a loss.<\/p>\n Despite the positive developments, a cloud of caution hangs over SHIB. The current price sits comfortably above the aforementioned support clusters, but it remains significantly lower than its all-time high of $0.00008616, reached in the meme coin frenzy of 2021.<\/p>\n
\nmark \ud83d\udd25\ud83d\udd25\ud83d\udd25
\nWe just grow,only up!!!#Shibarium<\/a> #shib<\/a> #bone<\/a> #leash<\/a> #crypto<\/a> #ShibaSwap<\/a> #ShibTheMetaverse<\/a> #btc<\/a> #eth<\/a> # pic.twitter.com\/Ha1R7phBOt<\/a><\/p>\n<\/p>\nShiba Inu Establishes Support System For Price Stability<\/strong><\/h2>\n
<\/p>\n
Total crypto market cap currently at $2.259 trillion. Chart: TradingView<\/a><\/pre>\n
Shiba Inu Still Barks For Its All-Time High<\/strong><\/h3>\n