- Shiba Inu (SHIB) jumped 18% this week, but now faces strong resistance between $0.000014 and $0.000019, where many holders may sell to recoup losses—over 82% of wallets are still at a loss.
- On-chain activity is weakening, with active addresses down 17.88% and short-term holders dropping over 12%, signaling a shift away from speculative trading toward longer-term holding.
- Despite near-term hurdles, analysts remain bullish long-term, with forecasts placing SHIB near $0.0001971–$0.000199 by 2030–2031 if adoption and market conditions improve.
Shiba Inu (SHIB) has had a solid week. Between April 18 and April 25, the meme coin climbed 18%, jumping from $0.0000118 to as high as $0.0000139. Not bad, right? And it wasn’t just price action—trading volume rose too, signaling that the broader market was vibing bullish.
But here’s the catch: SHIB just ran headfirst into a wall of resistance. And it’s not a small one.
The Resistance Zone: A Pileup of Bags
Let’s talk numbers for a sec. According to IntoTheBlock, there’s a massive cluster of SHIB held between $0.000014 and $0.000019—around 538 trillion SHIB spread across 145,600 wallet addresses.
That’s… a lot of potential sell pressure.
At the current price (~$0.000014), only about 15% of holders are in profit, which means most holders are either barely breaking even or sitting on big unrealized losses. To be exact:
- 148T SHIB is in the green (worth around $2.07B)
- Just 2.27% of wallets are break-even
- A massive 82.7% of holders are still at a loss, holding over 814T SHIB (around $11.4B in paper pain)
So what does this mean? If SHIB keeps inching toward that resistance range, a lot of people may start selling to break even or cut losses—which could drag the price back down.
Also worth noting: some of the token data includes burned or inactive supply. The actual circulating supply is around 589 trillion SHIB.
On-Chain Activity’s… Meh
Here’s where the hype fades a bit.
Even though the price is up, on-chain activity hasn’t kept pace. IntoTheBlock’s address data shows:
- Active addresses down 17.88% in 7 days
- New addresses up just 0.99% (a pretty weak jump)
This points to less engagement overall—not exactly what you want to see when a coin’s testing resistance.
And the breakdown by time-held tells a story too:
- Long-term holders (1+ year): up 1.98% ✅
- Cruisers (1–12 months): down 3.85% ❌
- Short-term holders (<1 month): down a steep 12.67% ❌❌
Translation? There’s a shift away from quick speculation toward long-term holding. That’s great for stability, but it also means less short-term volume and momentum, which is exactly what’s needed to push through tough resistance zones.
Looking Way Down the Road…
Despite all that near-term noise, some analysts are staying optimistic. Long-term forecasts are… kinda wild.
- Finder’s expert panel sees SHIB hitting $0.0001971 by 2030
- Changelly’s team targets $0.000199 by May 2031
That’s a massive leap from current levels—but that kind of growth will need time, infrastructure, and probably a couple bull markets between now and then.
Final Take
Right now, SHIB’s price is strong, but it’s bumping up against serious resistance. Most holders are still underwater, and many may look to exit as price climbs back toward their buy zones. Combine that with weak on-chain activity and a shrinking short-term trader base… and it’s gonna be a tough climb.
But zoom out? There’s still a solid long-term case if SHIB can keep building, expanding, and surviving the grind.
For now? All eyes on $0.000014–$0.000019. That’s the battle zone. Let’s see who flinches first.
