Shiba Inu (SHIB) is a meme-coin (ticker SHIB) launched in 2020 that has seen massive swings and remains one of the largest “dog-themed” cryptos. In mid‑2025, SHIB’s price has been weak despite broader crypto strength. Over $0.39 billion worth of SHIB (~33 trillion tokens) was bought below $0.00001200, creating a huge supply zone that now acts like a sell‑wall. In other words, a cluster of early investors are underwater at the $0.000012 level and may rush to sell once the price nears that mark. These sellers can “slam the brakes” on any rally, keeping SHIB stuck in its downtrend.
Key Highlights:
33 Trillion SHIB Sell-Wall (≈$400M): On-chain charts show a massive concentration of SHIB bought below $0.00001200. This supply zone means many holders stand to lose if prices stay low, so they may offload and cap gains.
Support vs. Resistance: SHIB has recently traded near $0.0000117 and is clinging to support ~$0.00001141. The major hurdle is the $0.00001200–$0.00001252 range – a break above $0.00001252 could trigger a bounce, while failure could send SHIB back toward ~$0.00001059.
Technical Indicators: Market indicators are mixed. Notably, the MACD momentum oscillator is nearing a bullish crossover, which could signal the end of SHIB’s month-long downtrend. Traders will watch if the blue MACD line crosses above the orange signal line (see chart below).
Bull vs. Bear Scenarios: If bulls overwhelm the $0.00001200 wall, analysts see rallies toward ~$0.00001354 (potentially invalidating the recent bearish trend). But if sellers defend it, SHIB may fall into deeper consolidation (even down to the $0.00001059 area or below).
Figure: Shiba Inu’s playful dog logo (SHIB) – despite recent crypto gains, the coin is stuck near a major sell wall at ~$0.00001200.
The $400M Sell-Wall: What’s Happening on Chain
Blockchain analytics confirm SHIB’s trouble. IntoTheBlock’s “in/out of the money” model shows a huge cluster of addresses bought around $0.000012, corresponding to ~33 trillion tokens (nearly $400M). In practice, that means the market has an oversupply of SHIB in this zone. As Cointelegraph explains, a supply zone is where sellers overwhelm buyers and prices tend to stall or fall. Here, many early SHIB investors are “in the red” at ~$0.00001200 and may look to sell to break even, creating a huge resistance zone.
Figure: On-chain “In/Out of Money” map for SHIB (Source: IntoTheBlock). The large red bubble around $0.000012 indicates a massive cluster of holders at that price. This in/ out-of-money chart highlights why $0.000012 is such a tough wall for SHIB to climb.
As BeInCrypto reports, _“Shiba Inu is currently facing a massive supply zone of 33 trillion SHIB, worth just under $400 million… This supply was initially purchased at prices below $0.00001200, and investors are now under pressure due to the recent price drawdown.”_. In short, that block of SHIB creates a shadow of selling pressure: until it’s absorbed, SHIB’s upside is capped.
Key Technical Levels: Support, Resistance, MACD
Traders are eyeballing several critical price levels. After recent weakness, SHIB has found near-term support around $0.00001141 (where buying demand has stepped in). To muster a rally, SHIB must clear resistance near $0.00001200 and then decisively break $0.00001252. BeInCrypto warns: _“if the resistance [at $0.00001252] remains intact, a drop back to $0.00001059 or even lower is possible.”_.
On the bullish side, technical signals hint at a turn. The MACD momentum indicator (below) has been bearish for weeks, but the blue MACD line is about to cross above the orange “signal” line. A confirmed bullish MACD crossover often marks the start of a recovery. BeInCrypto notes this “could indicate that the bearish momentum is waning,” suggesting the downtrend might be ending soon.
Figure: SHIB price chart with MACD indicator (TradingView). The blue MACD line (fast) is converging on the orange signal line, approaching a bullish crossover (when blue crosses above orange). Such a crossover would signal fading bearish momentum and often precedes a rebound.
Other chart patterns offer faint hope. CoinDesk observes SHIB may be carving out a double-bottom (two lows at ~$0.0000109–0.0000115). If confirmed, this classic reversal pattern could project a sharp 20% rally to about $0.000016. In fact, analysts note that a narrow trading range at ~$0.0000120–$0.0000122 suggests SHIB is coiling up for a move. The catch: that move must first conquer the $0.0000122 resistance defined by hefty sell volumes.
Bullish vs. Bearish Scenarios
Putting it all together, two main scenarios emerge:
Bullish Breakout: If buyers step up, SHIB could flip the $0.00001200–$0.00001252 zone into support. This would undercut the sell-wall. BeInCrypto predicts such a breakthrough would “propel SHIB towards $0.00001354,” invalidating the bearish outlook. Beyond that, even higher targets are possible. One analysis suggests SHIB could eventually aim for $0.0000217–$0.0000242 (an 80–100% gain from current levels) if momentum builds. Of course, such a rally would require strong buying and could be challenged by still-more supply.
Bearish Continuation: If SHIB fails to break the wall, it risks sliding further. The immediate drop target is around $0.00001059. A cleaner break below the current support ($0.00000630** before finding major support. In other words, the bearish trend could resume hard if sellers keep control.
Community sentiment adds color but not guarantees. The SHIB Army often champions a long-term goal of $0.01 (the so‑called #1CentDream), though analysts caution such lofty targets may be decades away. In the short term, all eyes are on today’s supply wall.
What’s Next for Traders?
Right now, SHIB is at a fork: overcome the sell-wall and a rally could be triggered, fail at the wall and consolidation or losses may continue. Traders will watch volume: strong buying volume to absorb the 33T supply could confirm a breakout, while sustained selling around $0.0000120 would reinforce the bear case.
In summary: Shiba Inu’s path hinges on that $0.00001200 mark. On-chain data shows it as a thick barrier of sell orders, and technicals give mixed signals. If bulls gather enough strength (backed by bullish MACD and double-bottom patterns), SHIB could clear that wall and aim toward ~$0.0000135 or higher. Otherwise, the supply zone could grind prices lower again toward ~$0.0000106 or below. As one analyst puts it, the question is: “Will the bulls have enough momentum to flip the script? Or will early holders cash out and slam the brakes?” It’s a battle at the charts for #SHIB – watch the $0.000012 zone closely.
Sources: On-chain and technical data from IntoTheBlock and TradingView; market analysis by BeInCrypto, CoinDesk, and CryptoBasic. These insights are for informational purposes and not investment advice.
