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Data indicate that only 41% of holders Shiba Inu They are currently making money, while more than 51% are holding at a loss, indicating that the company is going through a tough time. This decline in profitability may indicate that the asset may experience volatility in the future, as market sentiment becomes more volatile pessimist.
The indicator indicates a noticeable change in market dynamics. Historically, investors rush to limit additional losses when the majority of holders lose money, which increases selling pressure. If there is not strong buying momentum to offset the selling, this could have a cascading effect and push the Shib price higher.
An important support area in the previous months, the critical 0.000019 level was recently breached by SHIB. A bearish indicator of further tightening of negative sentiment is the break below this level. These two crucial support levels are currently $0.000017 and $0.000015. A significant decline from Shib's current position will occur if it can fail to hold on to these levels, and the next critical area could be around $0.000011.
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GrayThe unstable state is further demonstrated by on-chain metrics. Given that there is still a high concentration of large holders (74%), any significant sale by these organizations could have a significant impact on the value of the asset. Furthermore, the low community engagement of 0.44% highlights the opulence, which is significant for a token that relies on the hype and momentum generated by the community.
Shep has hope despite the terrible situation. He may see A rebound is of interest if the market experiences a change in sentiment or a recovery in the cryptocurrency market as a whole, especially if it is able to reclaim the $0.00002 level. Such a move could attract fringe investors looking for an opportunity for recovery and would signal a possible recovery stability.
Shep is currently in a vulnerable position. Given that the next few weeks may determine the token's trajectory in 2025, investors should keep an eye on the previously mentioned price levels and market activity.
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