Title:
Why are Majority of Shiba Inu (SHIB) Investors Still in Loss Despite 15% Weekly Surge?

Shiba Inu (SHIB) has seen a weekly growth of 15%, trading at around $0.00001445. However, it's still underperforming compared to other altcoins like Stellar (XLM), Ripple (XRP), and Hedera (HBAR). Over 50% of SHIB holders remain at an unrealized loss, with only 44% in profit and 2% at break-even. This could be due to the fact that many investors bought the meme coin when prices were high. Despite SHIB's recent gains, the Relative Strength Index (RSI) is over 70, suggesting it may be overbought and due for a correction.

Meanwhile, some market observers believe SHIB could still post significant gains, with indicators pointing to reduced immediate selling pressure.