Shiba Inu (SHIB) is flirting with a major resistance territory on the price charts this Monday in the latest rebound attempt. This comes after SHIB lost the $0.00001400 price level on March 28, as the 10% rally for SHIB last week didn’t hold long.
Shiba Inu’s 550T Resistance Bubble Explained
This particular major resistance bubble between $0.00001400 to $0.00001900 is important due to a colossal amount of tokens split between the 168.03K crypto wallet addresses. With 550.24T tokens at hand, the sentiment surrounding these SHIB holders could play out crucial in the upcoming months, as this price range contains 94% of all Shiba Inu circulation.
As we can see in the picture above, Shiba Inu’s (SHIB) backtrack from the 7-day heights on March 28, 2025 has caused the dog-embossed meme coin to lose the $0.000013 price range, which is relatively small in comparison to the major resistance bubble, as it has only 14K crypto addresses with a cumulative balance of 10.55T, according to IntoTheBlock.
Shiba Inu’s Price Parameters Flash All Red
It’s definitely true that any potential upswings heavily rely on Shiba Inu’s (SHIB) trading volume on Spot markets. So far, the stats have been sluggish this week, keeping Shiba Inu’s daily trading volumes around $250 million. Because of this, Shiba Inu coin ranks just 6th among today’s meme coins by trading volume, falling behind Pepe Token’s (PEPE) $878 million and Dogecoin’s $1.17 billion. The lack of enthusiasm in Shiba Inu (SHIB) trading has majorly contributed to all four main on-chain signals flashing red on Shiba Inu’s (SHIB) price.
As real-time data compiled from IntoTheBlock displays, large holder concentration has slightly decreased along with large transactions, suggesting that crypto whales haven’t returned to buy the dip yet, despite Shiba Inu (SHIB) slumping 20% in a weekly timeframe after a 10% bounce back rally last week.
As of today, 36% of the popular meme coin holders are making a profit, while the distance from Shiba Inu’s (SHIB) all-time high still remains over 85%. At publication time, the #21 crypto by total market capitalization Shiba Inu coin is changing hands at $0.00001235, according to CoinGecko.
On The Flipside
- Despite a lesser interest in daytrading, Shiba Inu’s long-term holders with over one year held have increased since May, 2022.
- 1.44M crypto addresses are collectively amassing 786T tokens including Vitalik Buterin’s burn wallet upon Shiba Inu’s launch.
Why This Matters
The Shiba Inu holder community, popularly known as SHIB Army, has gradually grown throughout the years, recently breaking new ground with 1.5 million holders on Ethereum (ETH) alone.
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