SHIB holders face growing losses as profitability nears the critical 100 trillion mark.
Weak support and declining volume increase the risk of a sharp price drop.
Market sentiment hinges on SHIB defending the 100 trillion profitable token threshold.
Shiba Inu faces a dangerous crossroads this week. A staggering 830 trillion SHIB sits at a loss. Only 102 trillion SHIB remains profitable. This sharp imbalance signals growing investor pain. The once-cheerful community now wrestles with mounting losses. If prices drop further, the iconic 100 trillion profit mark may soon vanish. This level holds more than symbolic meaning. It reflects the fragile health of SHIB’s retail-driven market. Let’s dive into the numbers and what lies ahead.
https://twitter.com/Utoday_en/status/1932044601877041567 Shaky Profits and Weak Support Create Storm Clouds
Recent on-chain data paints a bleak picture. Just 104.41% of SHIB holders remain in the money. Roughly 102 trillion SHIB, worth $1.29 billion, still shows profit. In contrast, 830 trillion SHIB, valued at $10.5 billion, languishes out of the money. This gulf between winners and losers can erode market confidence..SHIB clings to a critical support level near $0.000012. If this floor crumbles, fewer than 10% of holders may stay profitable. That scenario would likely push SHIB below the 100 trillion profitable threshold. For retail-driven assets like SHIB, sentiment often hinges on perceived gains. The more losses mount, the greater the risk of mass capitulation.
Behavioral patterns offer little comfort. Retail investors in the SHIB ecosystem often react swiftly to profitability shifts. If profits vanish, a wave of selling could cascade through the market. Such a stampede might drag SHIB toward the ominous $0.00001 zone. Technical indicators echo this fragility. SHIB’s RSI hovers near 41, well below bullish territory. Momentum looks spent, with buyers reluctant to reenter. Recent volume trends confirm this apathy. Unlike past rebounds from support, buyer enthusiasm has faded.
Can Bulls Halt the Slide?
All is not yet lost. A potential reversal could emerge if SHIB stabilizes and rallies above key moving averages. Targets include the 100 and 200 EMA. Success here might revive bullish hopes and restore some market balance. However, that path requires both technical resilience and renewed whale interest. Currently, large holders show no signs of fresh accumulation.
Without their support, any rally may lack staying power. Moreover, stagnant volume underscores the market’s caution. Bulls must overcome more than resistance; they must also reignite confidence. Failing to defend the 100 trillion profit mark would send a grim signal. Such a breach could deepen market skepticism toward SHIB’s short-term prospects.
Investors watch this level closely, not just for its symbolism but for clues about broader sentiment. For now, SHIB faces a pivotal moment. Declining profitability, weak volume, and fragile technicals raise caution flags. The fight to preserve the 100 trillion profit level continues. Traders and investors should remain vigilant. What happens next could shape SHIB’s trajectory in the weeks ahead.
