Massive 535 Trillion SHIB Sell Wall Looms: Can Pectra Upgrade Fuel SHIB's Recovery?
Posted: Thu Feb 27, 2025 2:50 pm
SHIB’s Price Rebound: Bull Trap or Sustainable Growth?
Intriguing data reveals a massive 535 trillion SHIB sell wall at the $0.000017 price point. With SHIB currently trading significantly lower, this begs the question: is the recent price rebound a temporary reprieve before a major correction, or are we witnessing the start of a legitimate bull run?
Consider this: over 83% of SHIB holders are currently underwater. Will they hold on in hopes of reaching profitability, or will the looming sell wall trigger a cascade of sell orders?
While the upcoming Pectra upgrade promises cheaper fees and increased accessibility, is it enough to overcome this significant resistance? The burn rate remains elevated, contributing to scarcity, but does the burn mechanism have enough power to propel SHIB’s price beyond the sell wall and into sustained growth?
Lets discuss. What are your predictions for SHIB’s price action in the coming weeks? Do you believe the Pectra upgrade will be the catalyst SHIB needs, or will the sell wall prove insurmountable? Share your insights and let the debate begin!
Intriguing data reveals a massive 535 trillion SHIB sell wall at the $0.000017 price point. With SHIB currently trading significantly lower, this begs the question: is the recent price rebound a temporary reprieve before a major correction, or are we witnessing the start of a legitimate bull run?
Consider this: over 83% of SHIB holders are currently underwater. Will they hold on in hopes of reaching profitability, or will the looming sell wall trigger a cascade of sell orders?
While the upcoming Pectra upgrade promises cheaper fees and increased accessibility, is it enough to overcome this significant resistance? The burn rate remains elevated, contributing to scarcity, but does the burn mechanism have enough power to propel SHIB’s price beyond the sell wall and into sustained growth?
Lets discuss. What are your predictions for SHIB’s price action in the coming weeks? Do you believe the Pectra upgrade will be the catalyst SHIB needs, or will the sell wall prove insurmountable? Share your insights and let the debate begin!