Shiba Inu Price Stagnates as Diamond Hands Defend Against Sell-Off Pressure
Shiba Inu trades sideways while loyal holders dig in—proving once again that in crypto, conviction often outperforms conventional wisdom.
The Holding Pattern
SHIB's price movement flatlines, yet the community refuses to blink. Diamond hands aren't just holding—they're building a fortress around current levels. No panic, no fire sales—just stubborn accumulation that would make traditional finance analysts scratch their heads.
The Retail Defense
While institutional traders flip through spreadsheets calculating risk-adjusted returns, Shiba Army veterans stack tokens with religious fervor. They've seen this movie before: sideways action before the next leg up. Their playbook? Buy the boredom, ignore the noise.
The Bigger Picture
Market cycles come and go, but meme coin resilience continues to baffle skeptics. While Wall Street frets about volatility metrics, crypto natives understand something simpler: sometimes the best trade is no trade at all. Just ask those who sold Bitcoin at $100.
So while traditional finance still tries to short dog-themed tokens between martini lunches, the hodlers keep stacking—proving that sometimes the dumbest investment thesis makes the smartest returns.
Shiba Inu Faces Resistance, Yet Investors Refuse to Sell
Readings from the SHIB/USD one-day chart show that the meme coin has trended within a range in the past month. It has faced resistance around $0.00001408, while finding support NEAR $0.00001187.
Despite the lackluster performance, most SHIB holders have retained ownership of their tokens, as reflected by the rising Holder Retention Rate metric.
According to Glassnode, this metric, which tracks the percentage of addresses that maintain a balance of the asset across consecutive 30-day periods, has climbed steadily over the past month and currently sits at 96.68%.
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This uptick suggests that SHIB investors are showing stronger conviction in the asset’s long-term potential. They are choosing to weather short-term stagnation rather than capitulate.
Such resilience can reduce volatility and create favorable conditions for upward price movements in the near term.
Furthermore, the SHIB’s balance on cryptocurrency exchanges has fallen steadily in the past 14 days, confirming the reduced selloffs among token holders. Per Glassnode, the total amount of SHIB tokens held on exchange addresses has dropped 0.31% over the past two weeks.
A decline in exchange balance like this means SHIB investors are moving their tokens off trading platforms and into self-custody, a trend often interpreted as a sign of long-term holding intentions.
Shiba Inu Braces for Next Move: Will Support at $0.00001187 Hold?
With fewer tokens readily available for sale, immediate selling pressure on the market eases. This could help SHIB break out of its narrow range and climb to $0.00001503.
On the other hand, if bullish momentum begins to wane, SHIB’s price may consolidate even further or break below the support at $0.0001187. In this scenario, it may fall to $0.000010004.
