Shiba Inu (SHIB) Spikes 15% Weekly – So Why Are Most Holders Still Losing?
Main Idea
Shiba Inu (SHIB) has seen a 15% price increase recently, but most holders still face unrealized losses, with the current price 83% below its all-time high; market observers are divided on whether this signals the start of a bullish rally or a potential short-term pullback.
Key Points
1. Shiba Inu (SHIB) price increased by around 15% in the last week, currently trading at approximately $0.00001445.
2. 44% of SHIB holders are in profit, but nearly 80% of investors have joined in the last 30 days, and the current price is 83% below its all-time high of $0.00008616 (November 2021).
3. Some market observers suggest SHIB could be starting a bullish rally, citing a break of an 'important area' in its price chart.
4. SHIB's exchange netflow has been mostly negative over the past week, indicating reduced selling pressure.
5. Shiba Inu’s Relative Strength Index (RSI) has exceeded 70, signaling the asset may be overbought and could face a short-term pullback.
Description
TL;DR SHIB still underperforms compared to other leading altcoins, with over 50% of its holders remaining at an unrealized loss. Some analysts foresee a bullish breakout, while on-chain data indicate reduced exchange inflows, which is typically a sign of reduced immediate selling pressure. However, SHIB’s RSI above 70 suggests the asset may be overbought and due for a short-term correction. The Gains Are Not Good Enough? Shiba Inu (SHIB) has experienced a price increase of around 15% over the la...
Latest News
- BTC Hits New ATH, ETH Pushes Higher as Trump-Putin Meeting Grabs Spotlight: Your Weekly Crypto Recap2025-08-15 13:29:41
- Will Bitcoin’s Next Move Be Explosive? Here’s What the Data Says2025-08-15 12:43:57
- Arthur Hayes on the Move Again: Here’s What He Bought Today2025-08-15 12:26:26
- Has XRP’s Bull Run Just Begun or Is the Top Already In? AI Models Predict 2025 Peak Price2025-08-15 11:31:55
- Ethereum Exit Queue Heating up Again: 808,880 ETH Worth $3.7B Held Up2025-08-15 10:43:15