#YourMostPromisingMemeCoin Shiba Inu (SHIB)'s three-month fall intensifies: long-term traders abandon Position

The popular meme coin Shiba Inu has been trying to break through a three-month downtrend.
Despite recent efforts to gain momentum, the price of SHIB has failed to maintain its upward trend, indicating that this coin may not be able to recover yet. As the market environment continues to fluctuate, Shiba Inu may face more challenges in the recovery process.
Shiba Inu long-term holders panic
Investor sentiment has turned bearish, and the consumed age indicator has risen. This indicator tracks the liquidity of coins that have been held for a longer time. During price declines, an increase in consumed age typically indicates that long-term holders (LTHs) are selling their positions to offset losses.
In the case of Shiba Inu, the trend of increasing holdings indicates that investors are not confident about a short-term price rebound. Therefore, the market outlook remains cautious, and long-term holders may be increasing selling pressure. Additionally, the current shift in market sentiment reflects the growing uncertainty among Shiba Inu holders.
The macro momentum of Shiba Inu also shows signs of weakness. The MVRV long/short difference indicator compares the profit levels of short-term investors (STHs) with those of long-term investors, indicating that short-term investors dominate in terms of profits.
Although STH still controls the market, it may continue to fluctuate, and investors might cautiously invest in the token without confirmation of sustained price increases. Shiba Inu may face further price fall risks as short-term investors tend to quickly liquidate their positions.
SHIB price may reverse after breaking through.
The price of Shiba Inu is currently trading at $0.00001276, just above the support level of $0.00001275. After a brief breakout in the past 48 hours, SHIB has failed to maintain its upward momentum and is now facing resistance. Market sentiment indicates that further price falls may be imminent, and the coin may return to its long-term downtrend.
If the downtrend continues, SHIB may fall below $0.00001141, extending the current bear market. This will confirm the persistence of negative price trends and delay a potential recovery. Investors should remain cautious and prepare for more uncertainty in the short term.
However, if Shiba Inu can recover from the support level of $0.00001275, it may bounce back to the level of $0.00001462 and break through a key resistance level. A breakout at this level would invalidate bearish views and signal the beginning of a strong rebound for SHIB, thereby regaining some of the lost value.