Shiba Inu Faces Major Resistance Wall as Selling Pressure Intensifies

Shiba Inu is battling a critical resistance zone that threatens to halt its recent recovery momentum. According to on-chain data, SHIB is confronting a resistance wall of nearly 533 trillion tokens.

The token recently attempted to push through the 200 Exponential Moving Average, a key indicator of trend reversals. Heavy selling pressure quickly emerged around the $0.000015 price range, cutting the rally short.

Sellers, including whales and retail investors, rushed to close positions as the asset neared critical breakeven levels. This action weakened SHIB’s momentum and triggered a retreat from recent highs.

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Investors Add To Market Strain As Breakeven Levels Trigger Exits

Data from the Global In/Out of the Money metric shows heavy accumulation around the $0.000017 mark. Many holders rushed to sell once prices approached these zones, adding strong downward pressure.

Analysis shows that 81.1 percent of SHIB holders possess negative investment value as per recent market statistics. Rallies which provide users with lower loss opportunities for exiting their positions typically trigger this condition.

Under current demanding market conditions whales along with regular traders show reluctance to initiate new price increases. Every time recovery attempts happen major trading platforms experience quick buying spasms preceding massive selling activity.

SHIB Risks Fresh Lows As Support Levels Come Into Play

If Shiba Inu fails to decisively break above $0.000015, the token risks sliding toward $0.000013 support. Falling to these earlier levels would mark a significant blow to the asset’s already fragile recovery.

Analysis of on-chain volume data shows a decline of buying activity at each point where prices attempt to increase. Isolated buying demand trends continue to reduce the probability of breaking through current price ranges.

The unfavorable general market sentiment continues to produce negative effects on the technical and on-chain performance of SHIB. The token’s price may continue to experience consolidation of deeper losses until buying demand reaches significant levels.

At present SHIB shows negative price momentum because whales along with retail traders face difficulties regaining control over the market direction.

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