Although Shiba Inu (SHIB) has performed modestly recently, two key indicators suggest that its price may be brewing potential for a rebound. From the Market Value to Realized Value ratio (MVRV) to the MACD technical indicator, the future trend of SHIB is worth investors' attention.
MVRV indicator: Potential opportunity range
The MVRV ratio of Shiba Inu has entered the opportunity range of -9% to -21%, which is generally considered an ideal window for accumulation. Historically, whenever the MVRV ratio is at this level, SHIB's price tends to rebound.
This ratio indicates that most investors are holding positions at a loss, which typically suppresses selling pressure while encouraging buying. As more investors choose to hold their positions, the market may create favorable conditions for a price reversal.
MACD signal: Initial signs of bullish crossover
The Moving Average Convergence Divergence (MACD) indicator shows that the bearish momentum of SHIB is gradually weakening. The MACD line is close to forming a bullish crossover, which is a classic technical signal indicating that negative momentum may be turning into positive momentum.
Once the bullish crossover is confirmed, it often attracts more buying interest, potentially further driving up SHIB's price.
Key price level for SHIB: The bull-bear watershed
The price of Shiba Inu is currently oscillating between $0.00002341 and $0.00002093, and the next breakthrough will be key in determining the trend:
Breakthrough $0.00002341:
If successfully turned into a support level, SHIB's upward target may be locked at$0.00002606. This is an important resistance level in the historical consolidation range, and breaking through will open up greater upward space, marking the return of market confidence.Falling below $0.00002093:
If the price fails to hold, it may further drop to$0.00001961, which would invalidate the current bullish expectations and could lead to a cautious turn in investor sentiment.
Can SHIB break free from the consolidation?
The current technical indicators and market environment provide some support for a rebound in Shiba Inu, but whether the key price level will be broken remains the core factor determining the trend. If the MVRV ratio and MACD signals continue to improve, SHIB is expected to target higher goals.
What do you think about the future trend of SHIB? Will a breakthrough at $0.00002341 lead the market out of the mire, or will the current support level ultimately fail? Feel free to leave a comment and share your insights!
