Quick Rundown:
- SHIB’s recent price decline has erased June’s gains, but strong historical support and sideways action suggest a potential reversal setup.
- On-chain data shows 64% of holders at a loss, but new Shibarium upgrades, consistent token burns, and a surge in large-holder wallets hint at underlying strength.
- Macro uncertainty (geopolitical tension, trade deadlines) continues to weigh on sentiment, though SHIB’s technicals and whale behavior suggest it’s in a consolidation phase with breakout potential.
SHIB is down by 0.86% in the day, adding up to 5.39% losses over the last seven days. The memecoin is currently trading at $0.00001158, down by 45.21% year-to-date. Shiba Inu has now erased its 10.39% rally from June 9 to June 11, and now sits at a crossroads as investors weigh short-term weakness.
Data from IntoTheBlock reveals that 64% of $SHIB holders are holding the asset at a loss, while 32% still hold at a profit. Overall, Shiba Inu has been trading bearish for a good chunk of 2025; however, recent whale activity and price analysis suggest that sentiment may be shifting beneath the surface, at least in the short term.
Recent News Outlook
The Shiba Inu team recently rolled out a major Shibarium upgrade, aimed at improving transaction speed and reducing congestion. Meanwhile, token burns continue steadily, with over 320 million SHIB removed from circulation in the last month.
Much like the rest of the market, SHIB is affected by the growing uncertainty surrounding macroeconomics. While the Israel–Iran conflict certainly adds negative pressure to risky assets, the fact that we are only two weeks away from Trump’s deadline regarding tariff deals is also bound to make everything more volatile.
Whale Activity
The number of large SHIB holders spiked to its yearly high on June 16, according to data from IntoTheBlock on TradingView.
The last time this number of whales owned SHIB was on November 25, 2024. A date that predated massive rallies for the memecoin.
Price Analysis
SHIB’s Descending Pattern
Shiba Inu entered a strong bearish trend on May 10, driving SHIB’s price down from $0.00001732 to as low as $0.00001187, losing 31% in value in the process.
On June 9, SHIB managed to break above the downward trend resistance. As the price came crashing down on June 11, buyers managed to neglect having the coin back into that downward trend — effectively turning that past resistance into a new support.
Since June 17, SHIB has started trading sideways in a 3.5% range. This indicates that either volume has decreased, or that buy and sell forces are colliding. As the charts tighten, we may see a breakout one way or the other in the coming days.
Indicators
On a daily chart, RSI is currently below the 50.00 zone, indicating that the price is trading closer to ‘oversold’ levels than the other way around. Meanwhile, the MACD shows us that buyers got neglected on July 11, as the soon-to-be bullish crossover faced a rejection, leading SHIB to lose 16% in value in the subsequent days.
As of now, MACD’s moving averages are tightening, potentially showing us early signs that sellers will exhaust.
Price Action
As of now, SHIB has reached a major support zone ($0.00001150), an area that has played the role of bottom three times this year. This major price action zone has previously been SHIB’s resistance zone from May 2022 until October 2024.
While Shiba Inu’s bearish momentum is undeniable, data and price history could show us that this support zone may act as a springboard for a potential short-term reversal.
If bulls manage to defend this zone once again, the next immediate resistance lies near $0.00001230 (7.30% range), followed by a more critical ceiling at $0.00001380 (20% range)—a level that previously rejected upward momentum in late May.
What to Look For
- RSI: Still hovering near oversold. Watch for a bounce above 50.
- MACD: Moving averages are tightening. Possible bullish crossover soon.
- Breakout Patterns: SHIB range-bound. A break above $0.00001230 could signal strength.
- Volume Spikes: Low for now. Sudden bursts may hint at direction.
- Most importantly: Checking the news. SHIB or any other altcoin is going anywhere in the middle of unfavorable market conditions.
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