$SHIB battling enormous selling volume in the background while trying to reach the price level it has been seeking for weeks
The IOMAP indicator is a useful tool for understanding the distribution of a cryptocurrency across different price levels. It identifies the average cost at which tokens were purchased for any address with a balance. If the current price is higher than this average cost, the address is considered"In the Money." If the current price is lower, the address is"Out of the Money.
" The indicator analyzes clusters within a range of +/- 15% of the current price.At present, SHIB's price level is hovering around $0.0000078. This means that to reach the $0.000008 price level where a massive amount of SHIB is located, Shiba Inu would need to overcome the substantial trading volume at this point.
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