The Shiba Inu (SHIB) coin demonstrates unexpected resilience in the market despite pressures from key resistance levels. This article explores the current state of SHIB and its prospects.
Overall Overview of Shiba Inu's Chances
Current metrics indicate that around 88% of holders are at a loss, creating pressure for the asset to break through critical resistance levels. SHIB's price is fluctuating around $0.000012, with attention on the important mark of $0.000013.
Dynamics of Large Holders and Volumes
In the past 30 days, the inflow of large holders has increased by about 192%, signaling accumulation of SHIB. This may suggest that large investors are anticipating a recovery. However, outflows have decreased by more than 71%, indicating that large holders are staying in their positions or moving to new ones instead of exiting the market.
Prospects and Risks for SHIB
Despite heavy historical losses, the current situation allows for the possibility of volatility. A break above $0.000013 may lead to a rally toward the next psychological levels, such as $0.000015 and $0.000017. However, the stagnation of price action due to 548 trillion SHIB tokens currently at a loss may weigh on the upward trend.
The situation with SHIB remains uncertain, as the asset balances between resilience and risk. It is important to monitor demand and key resistance levels that could signal a shift in market sentiment.
