Shiba Inu ( SHIB ) aims to increase by 57% amidst rising selling pressure.

The price of Shiba Inu (SHIB) continues to fluctuate within a narrow range around $0.000014, with relatively modest daily volatility. While the bulls and bears are still vying for short-term control, SHIB has maintained a 24% increase over the past month – a sign that bullish momentum has not completely weakened.

However, the price being held just below the important resistance zone, along with the market signals turning positive cautiously, indicates that the next trend will depend on the buyers' ability to overcome the selling pressure at the peak.

The inflow of money to the exchange decreased by 97% – Short term selling pressure weakens

One of the clearest signals indicating that market sentiment is stabilizing is the sharp decline in the amount of SHIB being transferred to exchanges. Specifically, on July 13th, the inflow to the exchange peaked at around 2.65 trillion tokens. By July 28th, this figure had dropped to just 70.43 billion — equivalent to a reduction of more than 97%.

Shiba Inu (SHIB) price and capital flow into the market | Source: CryptoQuantTypically, fewer tokens being transferred to exchanges means a decrease in short term selling intentions, especially from large investors. This is a positive sign as SHIB approaches technical resistance levels.

Be cautious of pressure from investors who are in loss and resistance levels

Although the direct selling pressure has eased, the road to price recovery is still not clear. According to data from IntoTheBlock, only about 18.25% of investors are in profit, while more than 78% of holders are in a loss.

Notably, the largest address cluster holding SHIB in the price range of $0.000015 – $0.000019 forms a dense "resistance zone." This is an area where many investors may look to exit to cut losses or recover capital, thus creating significant selling pressure.

Source: IntoTheBlockThis reality explains why SHIB has repeatedly failed to approach the $0.000015 mark. If the price enters this range, monitoring the capital flow into the exchange will be crucial to assess whether selling pressure is returning.

Potential increase of 57% if resistance is confirmed – But risks still exist

Currently, SHIB is maintaining strong support at the $0.000012 level and showing stable signals. However, to confirm the bullish trend, the buyers need to push the price above the resistance level of $0.000018–$0.000019 and turn it into support.

At the moment, SHIB is trading around $0.000014 – coinciding with the short term resistance level, where the price has been rejected multiple times in recent sessions. With a dense resistance density at $0.000015, $0.000016 and higher levels, any bullish momentum – if it occurs – will likely be difficult to happen smoothly and will probably occur in stages.

Shiba Inu price analysis (SHIB) | Source: TradingViewIf it breaks through the $0.000019 level, SHIB could extend its bullish momentum to $0.000022 - equivalent to an increase of about 57% from the current level. Conversely, if it loses the important support level of $0.000012, the short term price structure could shift to a pronounced downtrend.

Mr. Gia