Shiba Inu (SHIB) is navigating a critical price level, where over 551 trillion SHIB tokens are held by investors currently at a loss. According to on-chain data, this concentration sits between the $0.000014 and $0.000019 range, involving roughly 166,400 addresses. Most of these investors appear to be waiting for the price to rebound to their entry point, creating a strong resistance cluster at $0.000013.
As SHIB attempts to climb, it approaches this dense barrier of potential sell pressure. If the price rises close to this range, many holders might sell to break even, resulting in a wave of profit-taking that could stall or reverse upward momentum. This is especially relevant given current market behaviour, where even small rallies tend to trigger selling from long-held losing positions.
In/Out of the Money: A Red Flag for Bulls
Furthermore, IntoTheBlock’s In/Out of the Money metric reveals that these investors paid more for their SHIB than it’s worth today. When prices rise toward their original purchase levels, they often seize the opportunity to exit. This behavioral pattern adds to the strength of the resistance zone, as the urge to recover losses intensifies.
Technically, SHIB has been forming a descending triangle pattern — a setup known for pressuring support levels as lower highs continue to weigh on momentum. While recent movements show a slight recovery, the token must break cleanly above the $0.000013 threshold to shift market sentiment in a bullish direction.
Breakout or Breakdown: What’s Next for SHIB?
If SHIB can rally past this resistance wall, it might ignite a run toward $0.000016 or higher, potentially setting the stage for a broader uptrend. However, if the current pressure holds and buyers fail to absorb the sell volume, the more probable outcome could be a pullback to the $0.000012 support level — or even slightly below it.
Related article: SHIB’s Slippery Slope: Can Bulls Reverse the Downtrend?
Shiba Inu stands at a pivotal junction. The massive volume of tokens held in loss seriously threatens upward movement. Unless bulls mount a strong offensive to overcome this zone, the path of least resistance may be downward in the near term. However, a confirmed breakout above $0.000013 could change the tide entirely.
