Despite aiming high, $SHIB clearly needs more support and traction to hit the desired target
, as it aims to break through the $0.000008 price level. Market patterns and indicators suggest this ambitious target is within reach, and here's why.
According to Global In/Out of the Money , a data analysis tool that identifies the average cost at which tokens were purchased by every address with a balance of tokens, SHIB's price is currently resting on a"pillow" of 40 trillion SHIB. This calculation is done by comparing the current price with the average cost. If the current price is higher than the average cost, the address is"In the Money," and if it's lower, the address is"Out of the Money.
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