Saad Ullah
Shiba Inu (SHIB) holders are playing the long game with an average hold time of 2.8 years, while the token rallies for six straight days.
Shiba Inu holders aren't messing around when it comes to diamond hands. New data from Sentora (formerly IntoTheBlock) shows that SHIB investors are holding their bags for an average of 2.8 years - that's more than half the token's entire lifetime since launching five years ago.
This isn't your typical meme coin behavior. We're seeing a real shift from quick flips to serious long-term plays, with many holders still sitting on positions they grabbed during the crazy 2021 bull run. They're clearly betting on another major breakout down the road.
Shiba Inu (SHIB) Price Breaks Through Key Level After Six-Day Rally
SHIB is having a moment right now, trading at $0.00001588 after climbing 4.75% in the past day. The real kicker? Trading volume exploded by 105% to hit $628 million, showing traders are definitely paying attention to this move.
The token has been on fire for six days straight since July 15, finally smashing through the $0.0000145 resistance that had been holding it back since January. That level lines up with the 200-day moving average, so breaking above it is actually a big deal technically.
SHIB peaked at $0.00001597 during the day, and now everyone's watching the next major hurdle between $0.000016 and $0.000019. Here's the thing - IntoTheBlock data shows that 71,360 addresses bought a massive 474.9 trillion SHIB tokens in that range at around $0.000017. That's going to be one hell of a resistance zone.
What This Means for SHIB's Future Price Action
Here's why the 2.8-year hold time actually matters for price. When people hold instead of constantly trading, it takes selling pressure off the market. Less selling pressure means more stable prices and better chances for sustained rallies.
The fact that so many SHIB holders have stuck around through multiple market cycles shows this isn't just hype anymore - there's real conviction in the community. These aren't weak hands that'll dump at the first sign of trouble.
If SHIB can punch through that massive resistance wall between $0.000016 and $0.000019, we could realistically see a run toward $0.00002. And if the momentum really gets going? $0.00003 isn't out of the question, though that would need some serious sustained buying power.
The bottom line: with long-term holders providing a solid foundation and trading volume surging, SHIB is setting up for what could be its next big move. Whether it can break through those key levels will determine if this rally has real legs.
Saad Ullah
