- SHIB trades at $0.00001240, down by 1.72%, facing rejection near $0.00001500 and support at $0.00001233.
- 74% of SHIB is held by large wallets, with only 35% of holders in profit, showing high concentration and weak sentiment.
- RSI at 39.38 and MACD in negative territory confirm bearish trend with limited recovery.
Shiba Inu’s short-lived recovery in May 2025 failed to hold, with downside pressure returning this June. On June 9, at the time of writing, the token was trading at $0.00001240, a 1.72% daily loss. In the past week, SHIB declined by 2.94%, while monthly losses reached 20.30%.
Investor sentiment is cautious following extended underperformance. Market data from Shibburn shows continued reduction in engagement, adding to the downward pressure. The price action suggests weak buying activity and increased investor exit behavior.
Large Holders Still Dominate While Profits Shrink
Token distribution continues to show high centralization. According to Shibburn, 74% of SHIB’s supply is held by large holders. This dominance shows limited distribution across smaller retail wallets.
Meanwhile, only 35% of current holders are in profit. Another 5% are at break-even, while 60% are holding losses. The burn rate has also weakened. In the last 24 hours, only 10.38 million SHIB tokens were burned, a 53.01% decline.
However, weekly burn activity increased slightly by 1.97%, totaling to 113.67 million SHIB. Despite some holding strength, with 79% of wallets holding SHIB for over a year, the data shows limited fresh buying activity. Only 2% of holders joined in the past month.
Weak Technicals Show Lack of Momentum
Shiba Inu’s technical indicators continue to lean bearish. The RSI is at 39.38, well below the neutral 50 level. This suggests sustained selling interest and diminishing demand. The signal line is slightly higher at 41.11, indicating a slow, failed recovery attempt.
The MACD is in negative territory. The MACD line is at -0.0000000496, while the signal line follows at -0.0000000366. A small histogram of -0.0000000130 implies decreasing selling momentum, though a reversal remains absent.
Volume is at 11.96 billion SHIB, with activity staying flat and lacking accumulation signs. This further emphasizes the absence of fresh capital inflow.
Price Activity Stays Below Resistance
Price movement is consolidating just above a key support zone. SHIB recently tested the $0.00001233 support level multiple times. However, recovery attempts continue to face rejection near the $0.00001500 resistance, last touched in early May.
The sideways price action shows a lack of direction, though it may be forming a potential short-term base. A breakout is unlikely without a notable increase in trading volume.
Potential Price Scenarios for June 10, 2025
On the upside, if Shiba Inu breaks above minor resistance with stronger volume, it could move toward $0.00001280–$0.00001320. However, if support at $0.00001233 fails, the price may decline to the $0.00001200–$0.00001180 range.
Shiba Inu’s price remains under pressure, weighed down by weak momentum, reduced burn activity, and low trading volume. Technicals confirm the bearish outlook, with indicators offering no clear reversal signal. Despite strong long-term holder presence, cautious sentiment and concentrated supply keep recovery limited.
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