- Shiba Inu’s recent price surge faces a major obstacle, with 538 trillion SHIB tokens held at a loss, potentially triggering selling pressure.
- Despite long-term optimism, short-term gains depend on overcoming this resistance and improving on-chain activity.
Shiba Inu (SHIB) recently gave holders a glimmer of bullish hope, jumping 18% in a week—from $0.0000118 to $0.0000139. However, the rally now faces a serious challenge: a towering resistance cluster of 538.04 trillion SHIB tokens that could stall the momentum.
According to blockchain analytics firm IntoTheBlock, this resistance zone sits between $0.000014 and $0.000019, where over 145,000 wallet addresses hold SHIB purchased at higher prices. With only 15.03% of current holders in profit and 82.70% still underwater, there’s significant risk of profit-taking and loss-cutting as the price revisits these levels.
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This wall of selling pressure isn’t just technical—it’s psychological. Many of these holders may be eager to exit once they reach break-even, potentially overwhelming demand and halting the rally in its tracks.
Meanwhile, on-chain activity isn’t offering much support. Despite the price uptick, SHIB’s network engagement is slipping. Active addresses have dropped 17.88% over the past week, and new addresses have barely budged, rising just 0.99%. This shows that fewer users are interacting with the token, and new retail interest remains muted.
Holder behavior also hints at a cooling short-term outlook. Addresses holding SHIB for less than a month dropped by 12.67%, while long-term holders slightly increased by 1.98%. This transition from speculative trades to longer-term holding could reduce the kind of rapid volume needed to crack major resistance levels.
SHIB’s long-term prospects remain a point of optimism. A Finder panel forecasts the token could reach $0.0001971 by 2030, while Changelly analysts project $0.000199 by May 2031.
For now, Shiba Inu is caught between a bullish breakout and a wall of bagholder resistance. Whether it breaks through—or bounces back—depends on how much selling pressure this 538 trillion SHIB cluster brings to the table.
