Shiba Inu Coin (SHIB) is about to explode? Whales buying madly and technical signals reveal price potential

Undervaluation and signs of market reversal

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According to Santiment data, SHIB's 30-day MVRV reached -19.43%, indicating that the token is severely undervalued. Historically, this situation is often accompanied by a decline in selling pressure, while suggesting signs of bottoming. As the MVRV ratio recovers, the market may usher in an inventory accumulation phase, further driving short-term price rebounds.

Whales buy, retail investors wait and see

Large wallet investors holding 10 billion to 100 billion SHIB have recently bought heavily, demonstrating their long-term confidence in SHIB. In contrast, retail investor activity is low, indicating that the market is dominated by whales, driving the development of key trends. Although some holders lost money due to prices below $0.000026, this formed a potential "sell wall" that temporarily limited the price upside.

Technical analysis: considerable room for growth

Technical analyst "Dollars Maker" predicts that SHIB may rise by 235%, with a target price of $0.00005816. In the short term, attention will be paid to the resistance levels of $0.00003339 and $0.00004566. Analyst Klejdi Cuni pointed out that SHIB has been at the support level of $0.00002424 for a month. If it maintains this level, the short-term increase may reach 25.6% to 61.6%, and the higher target price will be $0.00004167.

Breaking through the trend line may create a new historical high

Market analyst Pouyan TradeFX emphasized that the trend line suppression of SHIB for many years is the main resistance to price increases. Once it breaks through, the price may double to $0.000074. Further optimistic analysis shows that SHIB may surpass its historical high of $0.00008654 and once again become one of the most expressive Meme coins.

With whales buying more, technical indicators improving and historical experience supporting, SHIB is expected to usher in a new round of gains, and market confidence continues to increase.

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