The Shiba Inu coin holding time decreases, indicating gloomy sentiment around the token.
On-chain data shows resistance between $0.000024 and $0.000027, supporting a decline.
Indicators, like the MACD, flash bearish momentum, signifying lower lows for SHIB’s price.
Since the start of 2025, the Shiba Inu (SHIB) price has jumped by 13%, following the broader market trend.
However, the memecoin is now at risk of erasing a huge chunk of these gains, with profit-taking intensifying. Could this be a temporary setback or is the rally at risk of losing steam altogether?
Shiba Inu’s Uptrend Encounters Resistance
On Dec. 31, 2024, the Shiba Inu price was $0.000021, but today, it is sitting at 0.000024. Despite the price increase, on-chain data from IntoTheBlock suggests that SHIB’s price might fail to keep up with the upswing.
One vital indicator that supports this thesis is the Holding Time of Transacted Coins. This metric measures how long a cryptocurrency has been held before being transacted or sold.
When the holding time increases, it means most holders have refrained from selling their assets. This is usually a bullish sign, indicating that the price might increase.
However, in SHIB’s case, the holding time has decreased since Sunday, Jan. 5. The decrease in this metric signifies a rise in selling pressure. If sustained, then SHIB’s price might find it challenging to build on its recent double-digit increase.
SHIB Average Coin Holding Time | Source: IntoTheBlock
Furthermore, the In/Out of Money Around Price (IOMAP) seems to align with the predicted downturn. The IOMAP groups addresses depending on the average purchase price while revealing the volume of tokens in unrealized profits or losses.
Typically, the higher the volume of losses, the stronger the resistance. Likewise, the higher the volume of tokens in gains, the stronger the support.
According to IntoTheBlock data, SHIB’s price is currently trading within a range where 14,740 addresses purchased a total of 17.72 trillion tokens.
This is because, at each of these regions, there are more addresses holding higher volume of SHIB at unrealized losses. Therefore, if buying pressure around the cryptocurrency fails to pick up, the price is likely to retrace.
SHIB In/Out of Money Around Price | Source: IntoTheBlock
SHIB Price Prediction: Hike Could Be Reversed
On the 4-hour SHIB/USD chart, the Moving Average Convergence Divergence (MACD) has dropped to the negative region. The MACD is a technical indicator that measures momentum using the distance between a shorter Exponential Moving Average (EMA) and a longer one.
When the MACD is positive, momentum is bullish. But in this situation, the negative reading indicates bearish momentum around SHIB’s price.
In addition, the cryptocurrency appears to be struggling to hold the support at $0.000024. As seen in the image below, the volume around SHIB has also decreased, indicating further downward pressure on the price.
If the price drops below that support, a decline toward $0.000022 at the 0.382 Fibonacci retracement level could be next. In the event that selling pressure escalates, SHIB could sink below $0.000020.
SHIB 4-Hour Chart | Source: TradingView
On the contrary, if the token breaks above $0.000026, this bearish forecast might be rendered null and void. Instead, Shiba Inu’s price could retest $0.000030.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
