A mixed but instructive picture is painted by Shiba Inu's recent price performance. $SHIB has entered a sharp correction after failing to maintain a breakout above the resistance level of $0.00001447. It is currently hovering around $0.0000126 and is in danger of breaking through the 50-day moving average. Technical indicators indicate more downward pressure, and a move toward the $0.000011 support zone appears likely if bulls do not intervene quickly.
Structural $SHIB shift
Beyond the fluctuations in price, however, a more profound and structural shift is taking place — one that essentially changes the way $SHIB functions as a market asset. Nearly 80% of all $SHIB is currently held by long-term investors, as indicated by data from IntoTheBlock (wallets holding for more than a year). For a token that first prospered on speculative hype and transient rallies, this is a startling evolution.

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