【Is Shiba Inu (SHIB) season coming soon? Sales pressure relief]
The holding strategy of Shiba Inu Coin (SHIB) investors seems to show strong confidence in its rising value, especially during the holding period, the price of SHIB shows an upward trend. On-chain data reveals that only about 18% of investors are currently actively trading, showing that most holders choose to hold their currency and wait for it to rise, hoping to realize future benefits. This trend is also reflected in the shift of Shiba Inu Coin from short-term traders to medium-term holders, which means holding for longer than a month to a year. SHIB’s price is expected to rise as holders become patient.
Currently, Shiba Inu Coin is trying to break out of a symmetrical triangle pattern, a technical formation that indicates an imminent breakout. Based on this model, SHIB has a price target of 0.00004148, indicating potential upside of up to 45%. However, its upward path may encounter resistance as it reaches the important resistance level at 0.00003599. If SHIB declines before the breakout or fails to clear the key resistance at 0.00003000, the bullish scenario will no longer hold and the price could fall back to the support at 0.00002268.
#鴉快訊 $SHIB @Shiba Inu