- Shiba Inu (SHIB) surged to a 15-day high, sparking activity among long-term holders.
- The age-consumed metric spiked to a three-month high, showing seasoned investors are offloading tokens.
- A -62.63% DAA divergence highlights weak network activity, signaling fragile momentum.
- SHIB trades at $0.00001294, holding above support at $0.00001187, with risks of a pullback to $0.00001004.
Shiba Inu (SHIB) Rally Sparks Long-Term Holder Sell-Off
Shiba Inu (SHIB), the popular meme coin, surged to a 15-day high yesterday, igniting renewed market activity. However, on-chain data reveals that the rally also triggered significant selling pressure from long-term holders (LTHs).
According to Santiment data, SHIB’s age-consumed metric — which tracks the movement of long-dormant coins — soared to a three-month high of 2715.48 trillion. Historically, such spikes often indicate that seasoned investors are cashing out during price rallies, a sign that market confidence may be wavering.
Why the Age-Consumed Metric Matters
The age-consumed metric is a critical on-chain indicator. Long-term holders typically keep their coins inactive for extended periods, and movements often align with market shifts.
This latest spike during SHIB’s price surge strongly suggests that LTHs are reducing their exposure, which could add downward pressure to the market if selling intensifies.
Shiba Inu’s Weak Network Activity Raises Concerns
Despite the short-term rally, SHIB’s Price–Daily Active Addresses (DAA) divergence remains alarmingly weak at -62.63%. This indicates that network participation is not supporting the price surge.
Such a divergence means the rally lacks the backing of organic user activity — a warning sign that SHIB’s upward momentum could be unsustainable.
SHIB Price Outlook: Support and Resistance Levels
At press time, SHIB trades at $0.00001294, maintaining support at $0.00001187. If selling pressure from long-term holders continues, SHIB risks sliding toward the next major support at $0.00001004.
Also Read: ShibaInu Breaks Falling Wedge: Analyst Reveals Ideal Entry Price and $0.000016 Target
On the upside, if buyer demand strengthens, SHIB could climb to $0.00001408, setting the stage for another rally.
While SHIB’s 15-day high marks a short-term win, the on-chain signals from long-term holders and weak network activity suggest caution. If selling pressure persists, SHIB may struggle to maintain current support levels.
Investors should closely monitor both age-consumed metrics and network activity trends to gauge SHIB’s sustainability in the near term.