- ShibaInu (SHIB) is on the verge of falling below the critical 100 trillion “in profit” mark as over $10.5 billion worth of tokens remain at a loss.
- Weak technicals and low trading volume suggest growing bearish pressure, with a potential drop toward the $0.00001 level.
ShibaInu (SHIB) is standing on shaky ground as troubling on-chain metrics and price stagnation cast a shadow over the popular meme coin. Currently, only 104.41 trillion SHIB—valued at $1.29 billion—is “in the money,” while a staggering 830 trillion SHIB (around $10.5 billion) remains at a loss. If this trend continues, SHIB could soon fall below the symbolic 100 trillion “in profit” threshold, a major psychological blow for investors.
Price Teeters at Critical Support
SHIB has managed to stay just above the crucial $0.000012 support level, but this stability appears more fragile than firm. If the price dips further, the percentage of holders in profit could fall below 10%, sparking concerns of a mass exodus. The Relative Strength Index (RSI) hovering around 41 indicates weak momentum, with no signs of a strong bullish reversal in sight.
Retail Sentiment Nearing the Edge
This downturn is particularly alarming for ShibaInu, whose community is heavily retail-driven. Historically, profitability has played a big role in user behavior. As fewer holders remain in the green, the risk of capitulation rises sharply. That could trigger a wave of selling pressure, dragging SHIB toward the $0.00001 mark.
Volume and Whale Interest Remain Absent
Adding to the bearish sentiment is a lackluster trading volume and a noticeable absence of whale accumulation. Unlike past recoveries from support zones, there’s a clear lack of buying follow-through, which hints at waning market confidence. A potential bounce would require SHIB to break above both the 100 and 200-day EMAs, but current data offers little hope for such a resurgence.
The looming loss of the 100 trillion profit mark isn’t just a number—it’s a red flag for SHIB’s near-term outlook. Unless SHIB attracts renewed interest and technical strength, the memecoin could find itself spiraling deeper into bearish territory, testing the patience—and portfolios—of its loyal holders.
