Amid Trump’s calls, $SHIB ’s improved profitability has dampened short-term capitulation risk and potentially opens the door to another leg higher.
Before the current price recovery, SHIB’s profitability ratio had fallen below 25%, heightening fears of a possible capitulation. However, data from IntoTheBlock’s “In/Out of the Money Around Price” metric which groups all existing holders of a cryptocurrency by their entry prices, reveals that #shibaInu investors reclaimed the critical profitability ratio amid the ongoing 17% #market rebound.
The latest data shows that 26.97% of SHIB holders are now in profit, having acquired 26.8 trillion #SHİB below current price levels. In contrast, 73.32% of SHIB investors are still holding at a loss, with another 0.86% at breakeven.
Notably, the chart also shows the largest resistance zone lies at $0.000012, where 30,470 addresses acquired a whopping 33.66 trillion SHIB. Shiba Inu price recovery could hit a major roadblock at $0.000012 if these holder traders look to exit at break even point.
This profitability zone historically acts as a psychological threshold that triggers broader market participation or resistance. It remains to be seen if bulls will flip this wall, advance towards the $0.000015 level.
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