Shiba Inu (SHIB) is poised to deliver returns to investors

Recently, the crypto market has been quite volatile, but Shiba Inu (SHIB) has a real opportunity to equalize its trajectory and at the same time make investors and traders happy with a new portion of income

Let's find out what picture technical and onchain indicators paint, as well as what to expect from Shiba Inu (SHIB) in the coming days.

Shiba Inu holders are buying back the bottom

According to IntoTheBlock, net inflows of large holders of Shiba Inu have increased 265% over the past seven days. This indicator tracks whether investors are hoarding or distributing the cryptocurrency.

An increase in the indicator signals that whales have bought more SHIB than they have sold. If this dynamic continues, the price of the cryptocurrency could still rise.

Net inflows of large holders of Shiba Inu. Source: IntoTheBlock

The Sharpe ratio also hints at the possibility of a Shiba Inu recovery. This tool shows the ratio between the potential risk and return of investing in an asset.

According to Messari data, the indicator values have risen from -4.52 on August fifth to 0.58 today. Such growth of the indicator means that there are more chances to get profit. Provided that the market stabilizes in the near future, investors who recently bought SHIB will be able to benefit from the possible price growth.

SHIB forecast: possible growth up to $0.000016

At the time of writing this analysis, SHIB is trading at $0.000013, having risen just over 1% overnight. Although the daily chart shows that the altcoin has been moving in a downtrend for about six months, we should not expect new deep falls.

A stable support level at $0.000012 could potentially guide the token to an upward reversal. As can be seen in the chart below, with strong buying interest, the SHIB price could reach $0.000016.

If the bull market gains strength, Shiba Inu will have a chance to break through to $0.000020. $SHIB