The price of the Shiba Inu exhibits recovery potential for investors to begin accumulating assets again. The popular memecoin, which has been in the consolidation zone for a long time, may fall to its low levels, allowing re-accumulation.
Shiba Inu Agenda
The MVRV ratio evaluates the Shiba Inu's investor profitability. Currently the 30-day MVRV rate is -17%. This provides a significant bearish signal indicating potential buying opportunities. In the past, these levels have often signaled the beginning of a price recovery and presented a strategic opportunity for accumulation.
The Global Money In/Out (GIOM) indicator reveals that approximately 425 trillion SHIB tokens worth over $7.3 billion await a trigger. These tokens were purchased in the $0.00001700 to $0.00001900 range, requiring a significant price increase for investors to make a profit.
SHIB Technical Analysis
The price of Shiba Inu is currently trading at $0.00001696. There was a 40% drop in June, and after this situation, memecoin is trying to regain investors' gains after losses in the consolidation zone. However, failure to break resistance levels could lead to a new consolidation period and weaken the bullish scenario.
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I EXPLAIN IN DETAIL.
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